Thursday Afternoon Breaking News Updates with Ben - 7/16/2026
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What is the main topic discussed in this episode?
I founded Ornot in 2013. I think the best thing about Shopify is that we can practice business without technical skills. We can manage the company's background and front-end and sell online. If Shopify was a bicycle equipment, it would be a bicycle itself. That way things are handled and our business is handled in Shopify. Start a free trial at shopify.com website. I founded Ornot in 2013. I think the best thing about Shopify is that we can practice business without technical skills. We can manage the company's background and front-end and sell online. If Shopify was a bicycle equipment, it would be a bicycle itself. That way things are handled and our business is handled in Shopify. Start a free trial at shopify.com website.
I founded Ornot in 2013. I think the best thing about Shopify is that we can practice business without technical skills. We can manage the company's background systems and front-end and sell online. If Shopify was a bicycle equipment, it would be a bicycle itself. That way things are handled and our business is handled in Shopify. Start a free trial at shopify.com.
I am Shannon Maldonado, the founder of Jaui, a gift shop that sells handmade artisanal products. I chose Shopify because when I tested the equipment, I found it to be one of the easiest to use equipment. It was important for me to consider our development in the future. All the tools needed for sales, such as stock planning, are in the dashboard. Start your free trial at shopify.com. I am Shannon Maldonado, the founder of Jaui, a gift shop that sells handmade artisanal products. I chose Shopify because when I tested the devices, I found them to be one of the easiest to use devices. It was important for me to consider our development in the future. All the tools needed for sales, such as the design of the stock, are in the dashboard.
Start the free trial at shopify.com.
Welcome to Ben on Breaking News. I'm Ben Mycelis. This is your Breaking News. Moments ago, we learned that the United States is striking the bridges in Iran. We have visuals of the bridges on fire in Iran right now, and Iran's state media is reporting that the United States has attacked the bridge connecting Bandar Abbas to Shiraz. Also, there are power outages currently affecting areas in Khorostan after the area was attacked by U.S. strikes. U.S. is certainly escalating the strikes on Iran under Donald Trump's directives. We've been reporting how Donald Trump was continuing to escalate and escalate. We reported much earlier in this week that we thought there would be further escalation. The Wall Street Journal
And Donald Trump's personal stenographer, Barack Ravid over at Axios, talked about a situation room meeting that was held earlier this week where the Trump regime discussed escalating this catastrophic war. And this comes at a time as well where we know that we've officially hit tank bottom of our strategic petroleum reserves. I've been talking now. At length, about the issues with tank bottom, I've been talking about crack spreads, the difference between the price of crude and the price at the refinery, which is now approaching $70 per gallon. And notably, you have the refinery prices continue to rise very quickly. But now also, we similarly have the price of crude rising as well. And the crack spread continues to grow with crude rising as well.
You have the United States Energy Agency just released a report talking about the US hitting tank bottom back in June, actually, the EIA report. the Energy Information Agency, talking about how tank bottom was actually hit in June. And right now we are in a position where, you know, if you just take a look at the graph, do we have the schematic, Jeremy, of just what tank bottom actually looks like when you can visualize it here? You look at it right here. You see the suction line at the bottom right there and where tank bottom is, where also it'll start getting very kind of sludgy and unworkable, even if there is some remaining crude in the reserves right there, but we're like below that suction line.
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Chapters
6 chapters
1
What is the main topic discussed in this episode?
0:00–12:24
2
What breaking news about U.S. strikes in Iran does Ben report at the start of the episode?
12:24–13:48
3
How does Ben explain the impact of U.S. strikes on Iranian bridges and regional power outages?
13:48–17:35
4
Why does Ben warn we're at 'tank bottom' in U.S. strategic petroleum reserves and what does that mean for gas prices?
17:35–27:32
5
How could Iran and allied groups closing Bab al‑Mandab or the Strait of Hormuz escalate global oil markets?
27:32–42:38
6
What evidence and analysis does Ben present about Iran’s leadership, military capability, and responses?
42:38–1:19:37
Speakers
4 identifiedMore from The MeidasTouch Podcast
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