BY TYLER DURDEN
THURSDAY, JUL 23, 2026 – 12:15 PM
Summary
- Trump escalates warnings of "massive attack": Trump threatened to hold Iran responsible for future Houthi attacks and said he is "close" to ordering a massive new strike (Axios interview).
- Houthis escalate: The Houthis threatened Saudi Aramco after attacking two Saudi oil tankers and expanding their blockade of Saudi shipping.
- Oil jumps: Brent crude climbed back above $100 as Red Sea and Hormuz shipping disruptions intensified.
- Rubio says no talks are happening: Rubio said Iran is "begging for a deal" while warning Tehran will continue to "pay a very heavy price."
- Overnight tit-for-tat persists: The US carried out a 12th straight night of strikes on Iran as Bahrain, Jordan, and Kuwait reported fresh Iranian missile and drone attacks.
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