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Iran War Updates: U.S. launches 12th straight night of strikes as threats to oil trade deepen - CBS News
Business and EconomyBy Frank Andrews, Joe Walsh, Mark Osborne, Tucker Reals7/23/20261 min read
President Trump threatened to bomb an Iranian bridge or power plant for every ship attacked in the Strait of Hormuz, as one shipping insider says "nothing is going through."
✨ Key Highlights
- The U.S. military carried out a 13th consecutive night of strikes against Iran on Thursday, with Central Command reporting the roughly two-hour operation targeted Iranian drone sites, command centers and other locations tied to threats against vessels in the Strait of Hormuz.
- President Trump warned Iran and its Houthi allies in Yemen of "major military punishment" if the Houthis carry out further attacks on Saudi ships in the Red Sea, signaling an expansion of the conflict into another part of the region.
- Signs point to a U.S. buildup in the Middle East, including additional refueling aircraft deployed to Israel, American B-1 bombers departing bases in the U.K., and dozens more medics being sent to a large base in Germany.
- Although the Pentagon maintains the Strait of Hormuz remains open, traffic through the crucial waterway has slowed dramatically, helping push global oil prices back above $100 a barrel on Thursday for the first time in more than two months.
- Iranian state media reported strikes on the southern city of Bandar Abbas, a port on the Strait of Hormuz that has been a repeated target, though the U.S. did not specify which areas it hit.
- The updates, published July 23, 2026, were reported by CBS News journalists including Frank Andrews, Joe Walsh, Mark Osborne and Tucker Reals.
President Trump is attending the dignified transfer for U.S. Army soldiers killed during the ongoing war with Iran.
U.S. Army Lt. Tyler James Feehan, 25, of Ewa Beach, Hawaii was killed in action o