President Trump threatens retaliation against civilian targets if Iran strikes in Strait

Watch on YouTube ↗  |  July 22, 2026 at 16:21  |  4:09  |  CNBC
Speakers
Eamon Javers — Senior Washington Correspondent, CNBC

Summary

Eamon Javers reports on US-Iran tensions, including President Trump's threat to retaliate against civilian targets in Iran for any attacks in the Strait of Hormuz. Oil prices reacted overnight to Secretary Rubio's comments. The report also covers an unconfirmed Wall Street Journal story about a possible US-Saudi civilian nuclear power deal with reduced nonproliferation safeguards.

  • Trump threatens to bomb Iranian bridges and power plants if Iran shoots at ships in the Strait of Hormuz
  • President claims public support for Iran war and cites a poll showing Americans oppose high gasoline prices but not the conflict
  • Secretary Rubio says US would like diplomacy but Iran is not serious, accusing Iran of violating a memorandum of understanding
  • Oil prices appeared to react overnight to Rubio’s comments
  • Defense Secretary Hegseth faces Democratic scrutiny on Capitol Hill over war promises and costs
  • WSJ and NYT report a potential US-Saudi civilian nuclear power deal with limited nonproliferation safeguards; MBS has said he would seek a bomb if Iran gets one
  • Normalization with Israel reportedly not part of the floated Saudi deal
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