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US Launches New Strikes on Iran as Hormuz Traffic Slumps | Bloomberg Businessweek
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July 16, 2026
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The US launched fresh strikes against Iran on Thursday, the fifth straight day of attacks as shipping traffic slumped in the critical Strait of Hormuz.The attacks began at 2 p.m. ET, according to US Central Command, with US forces aiming to “further degrade Iranian military capabilities.”Iran responded to earlier strikes by firing at American bases in Kuwait and Jordan, with the Kuwaiti Armed Forces warning of explosions as a result of air-defense systems intercepting hostile targets.
On this episode, Carol Massar and Tim Stenovec speak with:
Nick Wadhams, Bloomberg News National Security Reporter
Ed Ludlow, Bloomberg Tech Host on TSMC, renewed/continuing AI trade worries
Madison Muller, Bloomberg News Healthcare Reporter on Lilly Strikes $3.8B Deal for Psychedelic Drugmaker and Merck’s $3,800-a-Year Cholesterol-Cutting Pill Gets FDA Nod
David George, Senior Research Analyst at Baird
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