Trump Says Iran Will 'Get a Beating' for Targeting Base in Jordan

Watch on YouTube ↗  |  July 29, 2026 at 14:20  |  3:26  |  Bloomberg Markets
Speakers
Dani Burger — Anchor, Bloomberg Television

Summary

President Trump threatens a 'beating' against Iran after missiles were launched at a U.S. base in Jordan. Renewed U.S.-Saudi strikes on Iran-backed militias in Iraq and Houthi Red Sea disruptions are driving oil prices higher and escalating fears of a wider Middle East conflict, while diplomatic efforts over the Strait of Hormuz stall.

  • Trump vows harsh retaliation after intercepted missile attack on U.S. base in Jordan.
  • U.S. and Saudi Arabia hit Iran-backed militias in Iraq, escalating tensions.
  • Renewed fighting pushes oil prices higher amid fears of spreading conflict.
  • Houthis reportedly consider imposing transit fees on ships in the Red Sea.
  • Iran rejects Oman's proposal for joint control of the Strait of Hormuz.
  • Diplomatic talks face setbacks as Iran insists on sole control over Strait passage.
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