July 11, 2026: US Launches New Strikes on Iran, Iran: “Hormuz Closed”, More
episodePreviously titled “US Launches New Strikes on Iran, Iran: “Hormuz Closed”, More” — renamed by the publisher on Aug 2, 2026
Transcript
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Transcript generated automatically by AI and may contain errors.
What is the main topic discussed in this episode?
Hi, I'm David Weston.
News when you want it with Bloomberg News Now. I'm Ed Kalecki. The U.S.
What happened in the latest U.S. strikes on Iran and when did they occur?
launched a third round of strikes on Iran as Tehran declared that it's closing the Strait of Hormuz until further notice. U.S. Central Command said that President Trump ordered the fresh strikes, which targeted Iran's ability to attack commercial vessels. after Iranian forces struck a ship on Saturday. The Islamic Revolutionary Guard Corps announced the Hormuz closure, saying it won't allow any vessels to pass through until foreign interference ends, according to state-run IRIB News. The IRGC said it halted a cargo ship after firing a warning shot because it tried to transit the Strait on Saturday despite being told not to. Earlier, Iran demanded that the U.S.
Why did Iran announce the closure of the Strait of Hormuz and what actions did the IRGC report?
implement key commitments under a recent deal before more talks take place, rejecting Trump contentions that negotiations could continue without a ceasefire. Gas and diesel markets are signaling a fuel supply crunch amid renewed strikes in the Strait of Hormuz. Cara Gillespie is a senior fellow for climate and energy at the Council on Foreign Relations and says the situation remains incredibly fragile.
We've seen a range of analyses and predictions that say everything between we could expect if the recovery continues to move forward, if the Strait does remain open to an extent, even if it's a complicated reopening, you know, maybe starting to see a renormalization, a major recovery of Gulf energy flows by the end of the year going into next year. And then at the other end of the spectrum, you get all the way to we should never expect to see a full recovery.
Clara Gillespie, Brent Crude closed at $76 a barrel, suggesting the energy shock from the war may be far from over. The New York Times has denounced the Justice Department for seeking to compel reporters to testify about the new Air Force One. Bloomberg's Monica Ricks explains.
How are fuel markets reacting to renewed strikes in the Strait of Hormuz?
The Trump administration issued subpoenas to several New York Times journalists Friday after the Times reported on security concerns involving President Trump's new Qatari-donated Air Force One. The subpoenas didn't include many details, except to ask reporters to testify before a federal grand jury in Manhattan on Wednesday. But the Times says some of these orders were delivered by federal agents who showed up at reporters' homes, calling it a brazen act to intimidate journalists from doing their jobs. The White House hasn't commented, and an FBI official has declined to explain the security issue. Monica Ricks, Bloomberg Radio.
Apple is suing OpenAI for trade secret theft, accusing the artificial intelligence startup of engaging in a coordinated campaign to steal information about upcoming products. Bloomberg Tech co-host Ed Ludlow has more.
This is a big story, and I would say probably actually as much about Silicon Valley's look to the future of hardware as much as it is the people. If you think about the landscape of Apple and Meta as examples, trying to work out how People, consumers, use AI through different device form factors. The smartphone is what we mostly use, but glasses are coming in. People have tried pins. That's kind of the underlying layer of the story.
Why did the New York Times denounce DOJ subpoenas over reporting on Air Force One?
And Ludlow on Bloomberg this weekend. Ro Khanna, a prominent Democratic U.S. lawmaker from California, said Saturday he was detained. by armed Israeli settlers along with other Americans during a visit to the Israeli-occupied West Bank, and said the military was complicit in the incident. Khanna said in a post on X, Israeli settlers brandishing American-made M4s detained me and other Americans on my trip to Palestine. When the Israeli military arrived at the scene, he added they sided with the settlers and continued our detention. Footage and accounts provided to the New York Times by Khanna and his team shows a group of armed men blocking the road outside a small village in the southwest bank and swearing at them in Hebrew and Arabic.
Khanna told the Times that when the Israeli Defense Forces arrived at the scene, the soldiers spoke to the settlers and subsequently blocked the road themselves when the settlers left.
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Chapters
7 chapters
1
What is the main topic discussed in this episode?
0:00–0:35
2
What happened in the latest U.S. strikes on Iran and when did they occur?
0:35–1:13
3
Why did Iran announce the closure of the Strait of Hormuz and what actions did the IRGC report?
1:13–2:24
4
How are fuel markets reacting to renewed strikes in the Strait of Hormuz?
2:24–3:40
5
Why did the New York Times denounce DOJ subpoenas over reporting on Air Force One?
3:40–4:45
6
What are the claims in Apple's lawsuit against OpenAI about alleged trade secret theft?
4:45–5:37
7
Which other major global and U.S. stories were covered (Khanna detention, EAC removals, Seahawks sale, sports results)?
5:37–7:12
Speakers
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