Trump Downplays Talks With Iran as US Widens Strikes

Watch on YouTube ↗  |  July 22, 2026 at 10:53  |  1:32  |  Bloomberg Markets
Speakers
Tyler Kendall — Multimedia Editor, Bloomberg

Summary

Reporter Tyler Kendall covers the 11th straight day of US airstrikes on Iran, President Trump's downplaying of peace talks, Houthi threats forcing Saudi oil tankers to divert from the Red Sea, and the Pentagon's request for $67 billion in supplemental war funding.

  • US airstrikes on Iran continue for an eleventh straight day.
  • President Trump says talks are unlikely unless Iran engages meaningfully.
  • US military plans to strike a suspected nuclear site known as Pickaxe Mountain.
  • Houthi threats in the Red Sea forced at least two Saudi oil tankers to turn back.
  • 4.5 million barrels per day of Saudi oil exports via the Red Sea are at risk.
  • Pentagon asks Congress for $67 billion in supplemental funding for the conflict.
  • The war has cost $37.5 billion so far, according to the US defense secretary.
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