US Military Hits Targets Near Iran’s Kharg Island

Summary

The show covers escalating US-Iran military strikes near Kharg Island and the resulting oil price spike toward $100. It also discusses Canada's retaliatory tariffs against the US and the state of US-Canada trade relations, with aluminum costs rising. The program closes with political previews of the Republican midterm convention and Democratic messaging.

• US military reportedly struck targets near Iran's Kharg Island and Iranian oil tankers, escalating economic pressure on Iran.
• Brent crude neared $100, the highest since June, on Middle East supply disruption concerns.
• Michael Allen says the US is taking pressure to the jugular by targeting the Achilles' heel of Iran's oil system.
• Canada imposed retaliatory tariffs on $20 billion of US goods, with aluminum costs passed on to US buyers.
• Greta Peisch says the US and Canada have shown restraint, leaving critical sectors like energy untouched.
• Quantum computing stocks rose after the US government took minority equity stakes in the sector.
• Treasury Secretary Bessent defended bond buybacks and said the Treasury market narrative was absurd.
• The Republican midterm convention in Dallas and Democratic Senate races were previewed.