By Michael Kern of OilPrice.com

Commercial shipping through the Strait of Hormuz is once again off-limits in the near term as the renewed hostilities and threats to vessels led to another spike in risks of transiting the key tanker and container shipping lane, according to Masahiro Okafuji, chair of the Japan Foreign Trade Council.

“No one would go there, because it’s dangerous,” Okafuji told a media conference on Wednesday, as carried by Bloomberg.

Renewed re-routing of the shipping lanes around the Cape of Good Hope on Africa’s southern tip would hike transportation costs by over 30%, according to Okafuji, who is also chief executive at major Japanese trading house Itochu Corporation.

Following the re-escalation in regional hostilities in recent days, the Joint Maritime Information Center (JMIC) reaffirmed on Tuesday its regional threat level for the Strait of Hormuz at “severe”, which it had raised last week after the first signs emerged of the collapse of the U.S.-Iran ceasefire.

“The regional maritime security threat level remains SEVERE with further deliberate hostile activity likely under current conditions,” JMIC said.

“Mariners should expect sustained naval presence, increased IRGC hailing and monitoring along transit routes, and possible diversion of AIS-equipped vessels to the northern Iranian-controlled route. Enhanced force protection measures, increased VHF hailing, and congestion near anchorage areas should also be anticipated.”

Japan, meanwhile, has been scrambling for alternative oil supply in recent months as its key import route, the Strait of Hormuz, was blocked.

Before the Iran war, Japan and its refiners relied on the Middle East for a massive 95% of all crude imports. But the shock loss of supply forced refiners to seek alternatives and the government to release oil from strategic reserves to offset the lack of supply through the Strait of Hormuz.

Japan in April imported the lowest volume of crude oil from the Middle East on record dating back to 1979 as the Iran war and the closure of the Strait of Hormuz choked supply from the region.

The oil stocks release, Japan’s biggest ever, has helped refiners increase throughput in recent weeks. So has alternative supply from producers outside the Middle East, including the United States, as well as rare cargoes from Azerbaijan and Latin America.

It’s sad to say, but the truth must be acknowledged – Mob violence and threats of political assassination can often be effective in influencing the policy decisions of courts and governments.  It’s the reason why the militant left has consistently used these methods over the course of generations.  It works, and they know it.

It’s not that political violence and terrorism produce direct results.  Rather, these actions tent to produce indirect effects by sowing the seeds of fear in the minds of people in the middle – People who are not particularly dedicated to conservative or nationalist causes.  They just want to do their jobs and go home to their families; they have never before considered the possibility that doing their jobs could lead to horrific consequences.  

There have been numerous failed assassination attempts against Donald Trump.  An almost successful attempt on the life of Republican Rep. Steve Scalise by a Bernie Sanders supporter.  A foiled assassination plot against conservative Supreme Court Justice Brett Kavanaugh by a leftist seeking to change the balance of the court.  And finally, the successful assassination of conservative speaker and head of TPUSA, Charlie Kirk.  All the evidence points to a radical leftist by the name of Tyler Robinson, who confessed to his own parents and his gay partner that he committed the crime. 

Beyond these cases, there has been a steady stream of threats made against conservative politicians and SCOTUS judges.  Justice Amy Coney Barrett, who used to vote predominantly conservative in her decisions, recently detailed the many threats made against her and her family since the Dobbs v Jackson case which ultimately overturned Roe v Wade and made abortion a states issue instead of a federal issue. 

Justice Amy Coney Barrett details threats she and her family have faced: “I didn’t expect that performing this service was going to put me in the position of explaining to my children what a bulletproof vest was and why I had to wear one.” pic.twitter.com/aph9X4mfEm

— TheBlaze (@theblaze) July 14, 2026

Barrett mentions the growing number of threats made against her in the wake of the Dobbs leak, as well as being required to wear a bulletproof vest and having her family home swatted.  These kinds of intimidation tactics are grotesque, yes, but if we examine Barrett’s voting record after Dobbs it becomes increasingly clear that the threats are working.

This revelation helps to explain why Barrett has recently turned against obvious decisions on such issues as birthright citizenship and mail-in ballots.  She is most likely afraid and trying to mitigate the rage of activist freaks.

Barrett told a House subcommittee on Tuesday that “the threat level” against her and other federal judges “is really high” as she testified about the high court’s 2027 budget request. 

“Those statistics sound abstract, but being on the receiving end of them is not,” Barrett told the House Appropriations subcommittee on financial services and general government, before she shared several anecdotes about threats affecting her and her family. 

The Supreme Court is asking Congress to appropriate $228.4 million for fiscal 2027, a nearly 10% rise since the $207.8 million appropriated for 2026. The increase reflects higher spending on security-related measures, both for the protection of justices and for cybersecurity    

Perhaps more disconcerting than the constant threats is the fact that leftist movements largely dodge the blame for these events when they do happen, which makes it more difficult for exposed figures to do their jobs.  If leftist movements are not called out for their involvement, then the problem will never go away.  Activists are free to continue their campaign of terror. 

Until recently, groups like Antifa were not even treated as real by the government or the media.  If a terrorist organization is not technically “real”, then they can’t be investigated or prosecuted.   

After nearly every assassination attempt, whether the attackers succeed or not, the propaganda machine floods social media with conspiracy theories scapegoating anyone other than radical progressives.  This is a highly organized psy-op designed to disable conservative anger by sowing seeds of doubt.  Leftist ideology and the groups that promote it always seem to escape culpability. 

Right leaning judges facing potential assassination see this trend; they know that if they are attacked or killed, the spin agents will slither out from under their rocks and turn them into the bad guys.  Even if they survive, they will be accused of “staging” the incident.  The incentive to stand by their convictions diminishes. 

Furthermore, less and less people near the center will feel compelled to seek offices of authority, because they know they will be immediately added to the hit list if they deviate at all from woke demands.  At bottom, if Amy Coney Barrett is compromised by fear, then she should step down from her position.  Even though the viciousness of the discourse is not her fault, she needs to be replaced by someone who can handle the heat. 

It should be noted that the aggressive and unhinged nature of the left-wing will, in the end, result in the most hardcore right-wingers moving to the top.  This is the last thing the progressives should want.  With the center-right, they still might find an empathetic ear; but with hardened conservatives in power – men who are fed up with compromise – leftists are unlikely to find fairness or compassion for their causes.

The more violent the political left becomes, the more callous conservatives will become.  Until, one day, progressives will be hit with a freight train of retribution, and no one will care.    

Authored by Christian Milord via The Epoch Times,

If we examine the history of alleged “democratic” socialism around the globe, it’s not difficult to flesh out the contradictions within its entire framework.

However, for someone who hasn’t studied history or been grounded in the timeless principles of hard work and individual responsibility, socialism might tug at their heartstrings with its utopian claims. They fail to realize that the words “democratic” and “socialism” don’t mix well.

Buzzwords such as affordability, equality, and social justice sound appealing to almost anyone, especially those facing life challenges. However, if you dig deeper, the path toward those ideals involves seizing from those who pull their own weight and handing it over to those who want the easy way out in life. This forced collectivism lies at the root of socialism’s dysfunction, as it generates resentment.

Marxist socialism promises the moon and stars in the form of free this and free that. What the purveyors of this ideology don’t tell the masses is that nothing in life is free and someone has to fork over the money for all the “free” stuff. Folks in the middle- and upper-income strata are coerced into surrendering greater amounts of their hard-won earnings to a centralized government that, in turn, redistributes funds or services to the indigent.

Moreover, socialists demand that everyone practice a minimalist lifestyle while political ideologues enjoy the blessings of a free-market economy. There’s nothing wrong with embracing minimalism if it’s a voluntary decision, but that’s not how socialism operates.

Coercion is the key element in socialism’s playbook, and it tends to hurt the lower-income folks that it claims to fight for in society.

Instead of encouraging poor folks to utilize initiative to succeed, socialists encourage dependency on a bureaucratic state that plays favorites in the battle for resources. This often runs counter to the human drive to freely choose between competing goods, ideas, and services.

Socialism stifles intellectual diversity and is anti-spiritual, since it believes that humans possess all the answers and a divine presence doesn’t play a role in human affairs.

What many young folks fail to realize when they listen to socialist narratives is that socialism is based on emotions and class envy rather than well-reasoned arguments and solutions. The arbitrary nature of socialism can turn any human being into a target of scorn, depending on the mood of those who run the circus. In unfree societies, socialism is kept on life support despite its colossal failures and millions of victims since Russia’s 1917 Bolshevik Revolution.

Socialist apologists often repeat the mantra that socialism hasn’t been applied the “correct” way and that is why it continues to fall short. So they triple down on their internal contradictions and hypocrisy, and are doomed to repeat the same dystopian slogans over and over again despite shortages in goods, opportunities, and services.

In a free society, socialists attempt to apply coercion with a gentler demeanor that hides a relentless ambition to dismantle democratic institutions.

In their zeal for permanent revolution, socialists don’t have time to take a breath and actually produce anything of substance. Indeed, they are great at lecturing us and taking from others, but very weak on producing quality products and services that consumers want.

Indeed, socialist leaders exacerbate the cycle of poverty by distorting the free market with price controls and a fixation with victimhood. Socialists ignore the reality that in a free society, victimhood is a choice, as there are countless opportunities to succeed.

Most socialist gatherings and protests involve educated middle- and upper-class folks who have time on their hands to clamor for Marxist ideas they don’t even practice in their daily lives. They benefit from the free market, yet they want the poor to be enslaved to ineffective government programs instead of pursuing the American Dream. Indeed, socialist rabblerousers aren’t fighting the oligarchy because they are the oligarchy.

Another fatal flaw in the socialist edifice is the opposition to charter schools. Why do they oppose alternatives to so many failing public schools? Charters more often than not outperform their public school counterparts in educational outcomes. This can help students succeed more in higher education and the workforce.

What does socialism deliver to society? It plays the zero-sum game by falsely believing that if one person succeeds, someone else fails. How about the possibility that if one person succeeds, it inspires others to work hard in attaining a worthy goal? The road to success can be uneven for anyone, but the persevering effort is what counts.

The primary objective of socialism is power over others by initiating anarchy and class warfare. It stifles natural competition, inherent liberty, and social relations. Socialist activists are adept at pulling the victim card in order to become victimizers of folks they envy, such as the wealthy who already create countless jobs and pay heavy taxes.

To sum up, socialism is a criminal enterprise that utilizes propaganda to convince us that it cares for the poor. In truth, socialists crave power, while their policies only serve to keep lower-income folks in misery. The antidote is equal human rights, free market exchanges, and limited government.

Authored by Naveen Athrappully via The Epoch Times,

Many American families are struggling to make ends meet on their incomes alone and have resorted to credit cards, payday loans, and Buy Now Pay Later (BNPL) options for groceries, according to nonprofit research center Urban Institute.

The findings are based on a survey of 18-to 64-year-old working-age adults conducted in December 2025. About 8.7 percent of adults said they used a credit card for groceries and were unable to make the minimum payment, up from 7.1 percent in 2023, the Urban Institute said in a July 13 report. This suggests “worsening financial distress” among families.

Almost one in 10 used BNPL to pay for groceries, out of which more than a third missed a timely repayment last year.

About 19.6 percent used savings not meant for daily expenses to buy groceries, while 5.2 percent used cash from a payday loan.

The report highlighted that groceries are one of the largest household budget items for families and that food costs have jumped by about 32 percent over the past five years, posing a challenge for many households.

Adults who reported that their grocery costs increased significantly last year were more likely to use their savings or credit to buy food. According to the report, 51.3 percent of adults said grocery costs rose a lot during the 12 months preceding December 2025.

Data from the Bureau of Labor Statistics show that among bread, chicken, eggs, beef, and milk, only beef recorded a price increase between December 2024 and December 2025.

The price of a pound of ground 100 percent beef rose from $5.58 to $6.52 during this period. In contrast, the price of a pound of white bread declined from $1.91 to $1.83, a pound of fresh whole chicken fell from $2.06 to $2.02, a dozen large grade A eggs decreased from $4.15 to $2.71, and a gallon of fresh whole fortified milk declined from $4.10 to $4.05.

When families are unable to pay for groceries from their regular income, they resort to using credit, drawing down savings, and cutting down grocery spending, the Urban Institute report said.

Low- and moderate-income adults were more likely to report paying for groceries with a credit card, though they didn’t always pay the required minimum payment, the nonprofit said.

Steaks for sale at a store in Elkridge, Md., on Feb. 27, 2026. Madalina Kilroy/The Epoch Times

Amid straining finances, U.S. household debt rose last year. By the end of the fourth quarter of 2025, total U.S. household debt stood at $18.77 trillion, up $740 billion from a year ago, according to data from the Federal Reserve Bank of New York.

For the first quarter of 2026, household debt rose marginally by 0.1 percent from the previous quarter to $18.8 trillion, the bank said in a May 12 statement.

More Americans are also filing for bankruptcy. In 2025, individual bankruptcy filings rose by 12 percent from 2024, according to the American Bankruptcy Institute (ABI).

In the first six months of 2026, individual bankruptcy filings rose by 12 percent from the same period last year, ABI said.

Unemployment, GDP Growth

For the week ending July 4, initial unemployment claims fell to 215,000, down from the previous week and the lowest level since late May. Overall employment conditions show signs of stability, with the four-week average of unemployment claims declining,

According to minutes from June’s Federal Reserve policy meeting, the central bank believes the labor market will “remain stable in the near term, with the unemployment rate staying close to current levels.”

People shop for meat at a store in Mount Laurel, N.J., on Feb. 5, 2025. Samira Bouaou/The Epoch Times

GDP grew by 2.1 percent in 2025 from the previous year, according to data from the Bureau of Economic Analysis. For the January–March quarter this year, GDP rose by 2.1 percent. Consumer spending rose by 0.5 percent despite inflationary pressures.

In a recent Consumer Checkpoint report, Bank of America noted that consumer spending momentum was “remarkably robust.”

Consultancy Deloitte predicted in a July 1 report that in its baseline scenario, real U.S. GDP growth is expected to grow by a “healthy” 2 percent this year and 1.8 percent in 2027.

Authored by Owen Evans via The Epoch Times,

A federal judge on Tuesday blocked the Trump administration from enforcing a policy that denied visas and ordered deportations of “disinformation” expert foreign nationals whom it accused of being leading figures in the global “censorship-industrial complex.”

Last year, the United States issued a visa policy targeting foreign nationals whom it claimed censor Americans’ free speech abroad.

“For too long, Americans have been fined, harassed, and even charged by foreign authorities for exercising their free speech rights,” Secretary of State Marco Rubio said on X at the time.

In Washington on July 14, Chief U.S. District ‌Judge James Boasberg sided with the Coalition for ⁠Independent Technology Research (CITR) in finding that the administration’s policy likely “burdens” the speech of noncitizen researchers in the United States in violation of the U.S. Constitution’s First Amendment.

The group’s lawsuit alleged that ​the U.S. State Department had been engaged in a campaign of censorship against anti-disinformation advocates.

“What began as a visa-restriction policy later expanded, according to plaintiff Coalition for Independent Technology Research, into a broader campaign against noncitizens who work on misinformation, disinformation, fact checking, content moderation, compliance and trust and safety,” the judge wrote.

“The Department has since invoked that policy to bar individuals from the country or seek their removal, including leaders of CITR member organizations.”

In December 2025, ​the State Department imposed visa bans on five Europeans, including a former European Union commissioner, and ​anti-disinformation activists whom ⁠Rubio called “leading figures of the global censorship-industrial complex.”

“But when you turn disinformation into a weapon, a political weapon, a label that you can use to go after people you don’t like, and say, oh, anything that person’s saying is disinformation—well, listen, I read mainstream newspapers every day, or I watch mainstream broadcasts—mainstream broadcasts every day that I know are disinformation, okay?” Rubio said in a May 2025 conversation with free speech activist Mike Bentz.

Among those hit by the visa ban were Imran Ahmed, the British CEO of U.S.-based Center for Countering Digital Hate (CCDH), and Clare Melford, co-founder of Global Disinformation Index.

Their groups are members of the Coalition for Independent Technology Research, according to the lawsuit.

Rubio accused them of having “led organized efforts to coerce American platforms to censor, demonetize, and suppress American viewpoints they oppose.”

CCDH, a British nonprofit, researches what it calls “online hate and disinformation,” which it defines as online lies “weaponized by movements and individuals for their own political, social and economic ends.”

For example, in one report, it partnered with a major abortion provider, MSI Reproductive Choices, and highlighted what it described as “false claims” online that abortion drugs pose high risks to women.

CCDH also produced its 2021 “Disinformation Dozen” report targeting 12 individuals, including Robert F. Kennedy Jr., Joseph Mercola, and Sherri Tenpenny, as “top spreaders“ of COVID vaccine ”misinformation.”

It urged social media platforms and governments to ban private groups that traffic primarily in “vaccine disinformation” and to prevent groups requiring a Facebook disclaimer from existing as private or secret groups.

A 2023 Republican-led congressional investigation by the House Judiciary Committee and the Select Subcommittee on the Weaponization of the Federal Government into the Election Integrity Partnership detailed how “disinformation” efforts disproportionately flagged conservative content.

This included posts from President Donald Trump, Speaker Newt Gingrich, and other Republicans, often to justify censorship.

Carrie DeCell, a lawyer for the coalition at the Knight ​First Amendment Institute at Columbia University, welcomed the judge’s ruling, which she said “recognized the serious constitutional harms this policy ‌is already ⁠causing.”

“This policy punishes researchers for work the public needs, and the First Amendment protects,” DeCell said.

In a May 26 statement, CITR said that the policy “has created a chilling effect” across disinformation researchers.

“Researchers have dropped out of conferences and opted out of travel to meet with colleagues, shifted research topics entirely to avoid negative attention, and in some cases, even stepped back from affiliating with the coalition out of fear for their safety,” it said.

“The policy is affecting researchers in how they live and labor, with the fear of being detained or deported from the United States because of their work helping people navigate social media and AI safely.”

A State Department spokesperson told The Epoch Times by email:

“The Trump administration believes that aliens who are or were involved or complicit in censoring American citizens must face appropriate consequences.

“An American visa is a privilege, not a right. Specific questions about this lawsuit should be referred to the Department of Justice.”

The movement to liberate Americans from changing their clocks twice a year cleared a key hurdle on Tuesday, as the US House of Representatives advanced the Sunshine Protection Act by a lopsided 318-117 margin. While many Americans would like to stop the spring and fall time changes, not all of them are on board with the Sunshine Protection Act’s specific approach, would would make daylight saving time permanent. 

President Trump has backed the proposal, and the White House issued a statement as the House vote was looming: “This bipartisan legislation represents a popular, common-sense reform and would benefit Americans by protecting precious daylight during the evening, when people are most likely to be awake and active.” Party affiliation didn’t play much of a part in Tuesday’s House voting: The aye votes included 193 Republicans, 114 Democrats and one independent. An AP-NORC poll conducted last year found 47% of Americans oppose the current clock-switching, compared to only 12% who like it.  

Proponents tout the ability to enjoy more sunlight in the later part of winter days. The bill is popular among operators of golf courses, restaurants, retail shops, professional sports teams and theme parks.but that comes at the cost of later sunrises on those days:

This will be such a nightmare. pic.twitter.com/qrD03wxEdl

— Julian Mille☈ (@ATLAreaWx) July 14, 2026

Opponents of permanent DST include the American Academy of Sleep Medicine, which says permanent standard time better matches natural circadian rhythms, which affects immune system function and other aspects of personal health. The group, along with some concerned educators and parents, say permanent DST would have particularly harmful effects on children.  “Permanent daylight saving time would delay morning light exposure, making it harder for children and adolescents to wake, learn, and travel safely to school during dark winter mornings,” the group said in a statement.  

The legislation allows states to exempt themselves or an area of their state from the permanent switch, provided they do so before it is enacted. Hawaii and Arizona (other than the Navajo Nation in the northeast part of the state) opted out of daylight saving time in the late 1960s. Federal legislation currently allows states to opt out of DST, but they don’t have the authority to choose permanent DST. Eager to get a jump on things, 19 states have passed laws that would switch their citizens to permanent DST if the federal government gives states a choice. However, the Sunshine Protection Act would make it the default.  

remember folks: it’s daylight saving, not savings pic.twitter.com/TynurJXKCZ

— Grace Panetta (@grace_panetta) July 15, 2026

The drive to end clock-switching has a long history of sputtering out. Last time around — in 2022 — it was the Senate that approved the Sunshine Protection Act, not even using a recorded vote but passing it by unanimous consent. Then it died in the House as legislators grappled with constituents who were wary of ill effects on health. It won’t pass the Senate by unanimous consent this time: Oklahoma Sen. Tom Cotton blocked such passage last fall and remains an ardent opponent. A Senate staffer told NBC News that Cotton will urge Senate Majority Leader John Thune to let the bill gather dust on his desk.  

Some Capitol Hill proponents aren’t enthusiastic about its prospects. “I’m kind of digging the fact that we’re going to fix it, I hope,” Tennessee Rep. Tim Burchett told NBC. “See if the Senate takes it up. They probably won’t, but we’ll see.”

Summary

• Pentagon announces second wave of strikes later Wednesday, the after initial 90-minute attack to start the day.
• Trump threatens wider strikes unless Iran returns to talks – says attacks to ‘expand’ next week.
• Wednesday saw 5th strait day of US bombardment on chiefly Iranian coastal sites.
• Iran hits US-Gulf bases and warns on regional oil exports, says it is in ‘control’ of Hormuz Strait.
• No evidence de-escalation: Tehran rejects talks and vows more retaliation.

*  *  *

Pentagon Announces Another Wave of Strikes Later Wednesday

It is night time in Iran, and apparently the US ‘break’ is over, and bombing resumes: (CENTCOM) “At 3 p.m. ET, U.S. forces launched operations for a second wave of strikes today against Iran. The strikes are targeting Iranian military capabilities used to threaten vessels freely transiting through the Strait of Hormuz, an international waterway vital to global commerce. The U.S. military is holding Iran accountable at the Commander in Chief’s direction.”

Without doubt these attack waves are getting heavier, but so is Iran’s ‘retaliation’… from earlier: Kuwait Hit By Worst Iran Attacks in Weeks As War Escalates (Bloomberg).

Meanwhile an interestingly ambiguous admission from President Trump Wednesday afternoon:

US President Trump says oil price will yo-yo for a while; thinks inflation at year-end will be lower than now. Would like to see rates go down but better to pause than hike

Trump: Strikes Will ‘Expand’

Earlier in the day, within hours after the morning’s 90-minutes salvo of latest US strikes on Iran was completed, President Trump once again claimed that Iran is desperately seeking diplomatic talks. However Iran was quick to respond that it has “no plans” for returning to the negotiating table.

With this, President Trump is ready to escalate militarily, telling FOX that strikes on the Islamic Republic will “expand” next week – though some are wondering why he is signaling the delay.

President Trump tells Fox News that strikes against Iran will expand next week as the Middle East braces for what comes next. pic.twitter.com/zOwaGc44KF

— Trey Yingst (@TreyYingst) July 15, 2026

De-escalation seems nowhere on the horizon, also as the more ‘hardline’ influence within Iran seems ascendant, per Al Jazeera:

The Iranian government is releasing the statistic of the seven soldiers killed in US attacks “very deliberately” to solidify its popular support through the war, says Mehran Kamrava, professor of government at Georgetown University Qatar.

“What we have seen in Iran … is a resurgence of Iranian nationalism, and by highlighting the fact that Iranian soldiers are dying and giving their lives for defending the country, what the government is trying to do is to ensure that that popular support remains intact,” Kamrava told Al Jazeera.

That support is important as there is little doubt the country is struggling with high inflation, unemployment, and $270bn in damages to the economy, he said. Meanwhile, the Iranians are aware that they cannot go “toe-to-toe militarily with the Americans, so they are turning the conflict from a military one into an economic one, hence the attacks on shipping,” Kamrava said.

Attack Waves Halted, For Now…

The Pentagon opened Wednesday morning (US time) by announcing yet another round of strikes on Iran, in what looks like sustained action – also increasingly expanding to include civil and energy infrastructure of the Islamic Republic.

“At 6 a.m. ET today, U.S. Central Command forces began launching a wave of strikes against Iran,” Centcom announced. “The strikes are designed to further degrade military capabilities Iranian forces have used to attack commercial shipping in the Strait of Hormuz.”

The US military further indicated it launched a “seven-hour wave” of strikes overnight – and followed during the next day (Wednesday) by a 90-minute wave. Also the evening prior, the US reimposed a naval blockade on Iranian ports and alongside launching its fourth consecutive night of strikes on the country, also as President Trump freshly warned that if Iran does not return to the negotiating table, “next week it gets really bad for them, because next week comes the power plants.“

BREAKING: Iran declares it has “no plans” for talks. https://t.co/GNDtzt8Rx5

— Polymarket (@Polymarket) July 15, 2026

“You better make a deal, or you’re not going to have anything left,” Trump has warned. “Ultimately, we’ll hit energy targets in Iran. Next week comes the bridges. We’re going to knock out all of their power plants. We’ll knock out all of their bridges unless they get to the table and negotiate.”

US Strike Hits Iranian Military Barracks 

Iranian government spokesperson Fatemeh Mohajerani announced that at least 30 civilians have been killed across the country over 260 people wounded by American strikes of the last few days.

Airstrikes also reportedly took out an Iranian military barracks in southeastern Iran, leaving seven dead. The Associated Press details that “One strike targeted a barracks for Iran’s 388th Mechanized Infantry Brigade, which operates tanks and armored vehicles, in Sistan and Baluchestan province, Iranian state television reported.”

“The report said the Americans fired at least 13 missiles in the attack and that the seven dead included conscripts and career soldiers,” AP continues. “A number of troops were wounded.”

Heavy bombardments have focused on the coastal areas, with US strikes reportedly having hit a civilian maritime control tower in Chabahar, southern Iran – location of country’s only deep-water port outside the Strait of Hormuz, which allows Iran direct access to the Indian Ocean without passing through the Gulf.

US strikes hit a civilian maritime control tower in Chabahar, southern Iran.

Chabahar is strategically critical for Iran.

It’s the country’s only deep-water port outside the Strait of Hormuz, giving Iran direct access to the Indian Ocean without passing through the Gulf.… pic.twitter.com/NYNoy0azAI

— Clash Report (@clashreport) July 15, 2026

IRGC Strikes Several US-Gulf Facilities

As expected, Iran’s IRGC has continued launching a wave of retaliatory strikes targeting critical US military infrastructure across the Gulf and even reaching into Jordan.

The list of targets hit, according to an array of regional sources, include – Bahrain’s Sheikh Isa Air Base, the US Navy’s 5th Fleet support facility, Kuwait’s Ali Al-Salem and Camp Buehring, and Jordan’s Muwaffaq Salti Air Base.

Also, Emirati sources have reported strikes on the critical Fujairah Port, while Kuwait confirms one of its navy vessels was struck, leaving four crew members injured. Additionally, social media is awash with unverified footage showing Shahed kamikaze drones striking Kuwait, as well as massive plumes of black smoke rising from burning facilities in Kuwait. US 5th Fleet HQ locations in Bahrain also show signs of damage from inbound projectiles.

The IRGC has insisted that the “export of oil and gas from the region will be either for everyone or for no one.”

The Iranians have continued to tout their nationalist defiance and have at no point shown signs of backing down as is hoped by Trump:

Addressing the Civilized and Courageous Nation of Iran with derogatory language does not diminish its Greatness.

Iranians are known for their civility, culture, and strong moral values. We do not answer vulgarity with vulgarity, but with action: fearlessly and with great valor.

— Syed Abbas Araghchi (@SyedAbbasA3t) July 15, 2026

New Warning of Kharg Island Operation

President Trump continues facing pressure over what’s next or what the ultimate objectives are. Related to this, he was pressed by Fox News Wednesday night about taking Kharg Island. Trump responded:

“We already hit Kharg Island, as you know, twice. Even three times. I said hit everything but just leave that little area from 25 yards out because I don’t want that in terms of the world economy. As far as taking it is concerned, if we degrade them far enough and deep enough back, I would do that.”

But Iranian forces show no signs of backing down. Instead a message from its army command via state TV says that “a decisive response to this aggressive action by the American enemy” will keep coming.

Footage, reportedly taken during Iranian drone and missile strikes against Kuwait earlier, shows a Shahed-136 impact. The U.S. continues to trade strikes with Iran, as targets inside Bahrain and Kuwait are now bearing the brunt of Iranian fires. pic.twitter.com/AC07mtqi96

— OSINTdefender (@sentdefender) July 15, 2026

Missile alert warnings have continued to sound in Bahrain and Kuwait early Wednesday amid the Iranian fire, which has at this point grown to a daily occurrence.

Meanwhile, strikes on nuclear plans return?

Video US air strike which destroyed an Iranian 35 mm Samavat anti-aircraft gun (Swiss Oerlikon GDF-001 copy) stationed to protect Bushehr nuclear powerplant.
Geo-located by @GEOIMINT at 28.83027, 50.87936. pic.twitter.com/RXrnCO9TJA

— Mehdi H. (@mhmiranusa) July 14, 2026

Overnight Developments

via Newsquawk…

• US President Trump said in a pre-recorded Fox News interview that they are beating up Iran badly and Hormuz has to stay open, while he added that strikes will continue until he says it is enough, as well as stated they will save energy targets for last and will ultimately hit energy targets. Trump also said they will hit Iran hard on Wednesday night, and that next week will get really bad for Iran, in which they will hit Iran’s power plants and bridges next week unless Iran comes to the negotiating table. Furthermore, he said US officials spoke to Iran on Tuesday and told Iran that it better make a deal.
• US Central Command forces began launching an additional round of strikes against Iran at 15:00EDT/20:00BST on Tuesday, to continue degrading Iranian capabilities used to attack commercial shipping in the Strait of Hormuz, while CENTCOM later announced the completion of strikes against Iran.
• US struck Qeshm Island in southern Iran, and explosions were heard in the maritime area of eastern Hormozgan and Sirik, while explosions were heard in Bandar Abbas and Hengam Island. Explosions were also heard in Bampur and Chabahar in Iran, although Iran’s semi-official news agency Tasnim noted officials denied reports of explosions in Chabahar, while explosions were reported in Iran’s port city of Bandar Imam Khomeini, and a mineral water plant in Deloran was hit by three projectiles. Furthermore, reports noted that air defences around the Bushehr Nuclear Power Plant in Iran became active.
• IRGC said it targeted enemy weapons and parts storage in Bahrain and Kuwait, while it targeted a drone ramp in Kuwait’s Ali Al Salem air base and targeted US positions at Jordan’s Azraq base, as well as the US Fifth Fleet Command HQ, fuel facilities and equipment in Bahrain. IRGC said as long as the US evil stays in the region, not a drop of oil and gas will be exported from the region, and that US aggression will have no result other than delaying the opening of the Strait of Hormuz.
• Iran will respond to the US attacks, Tasnim reported.
• Iran’s Deputy Foreign Minister Gharibabadi said the US is making a mistake if it thinks its military attacks and blockade will force them to request negotiations, but also commented that Iran’s return to negotiations and tolerance regarding the Strait of Hormuz is possible. Furthermore, he said the MoU effectively no longer exists and that no country should expect Iran to continue implementing the terms of the memorandum.
• Israeli PM Netanyahu is reportedly to travel to Washington on Saturday evening, aiming to meet with US President Trump, Yedioth reported.

By Ethan Howland of UtilityDive

Electric and gas utilities in the second quarter asked state regulators to approve $9.2 billion in rate hikes, up 26% from the $7.3 billion in rate increase proposals filed in the same period last year, according to an updated report released Tuesday by the advocacy group PowerLines.

In the first half this year, utilities asked for $18.6 billion in rate hikes, down from about $25 billion in the same period last year, according to data collected by the nonprofit.

The report comes as average U.S. residential electric rates increased 7.3% from the year before to 18.8 cents/kWh in April, according to the U.S. Energy Information Administration. As a result, “regulators face mounting pressure to scrutinize utility spending plans while balancing the infrastructure investments that a modernizing grid genuinely requires,” PowerLines said.

The utility sector appears to be entering a capital investment “super-cycle” amid growing affordability concerns. Backlash to rising bills has prompted protests by consumers and their advocates, as well as new state laws intended to tackle the issue.

The Edison Electric Institute, a trade group for investor-owned utilities, estimates that IOUs will spend about $1.4 trillion from this year through 2030 on capital investments. EEI expects capital expenditures will jump 17% this year to nearly $239 billion, from about $204 billion in 2025.

Some utilities contend they can make the investments without significantly affecting their rates. FirstEnergy, for example, is proposing to increase its electric rates in Ohio over three years by about $392 million — partly to cover roughly $2.5 billion in planned capital expenditures. The company says this will increase average annual residential customer bills by less than 3% a year.

According to PowerLines and public filings, other rate hike proposals utilities filed in the second quarter include:

• Dominion Energy in Virginia is seeking about $1.5 billion across three rate requests;
• Oncor in Texas requested the largest single increase in the second quarter, at $1.2 billion, driven largely by transmission and distribution investments to meet demand from the oil and gas industry and data centers in the Permian Basin;
• We Energies in Wisconsin is seeking about $606 million in rate increases;
• DTE Energy in Michigan is seeking an increase of $474 million; and,
• Consumers Energy in Michigan is asking for a rate hike of $456 million.

The proposed rate increases in the Midwest total about $193 per customer, followed by $172 per customer in the South, $135 per customer in the Northeast and $110 per customer in the West, according to the data from PowerLines.

Utility regulators will scrutinize the rate hike proposals in the coming months.

“These requests, while often approved at a lower cost than utilities propose, have a high chance of reaching consumer bills in some form,” PowerLines said.

State regulators approved 58% of the total costs utilities sought to add to their rates from 2023 through 2024, the organization said.

U.S. residential customers paid 18.8 cents/kWh on average in April, up 7.3% from the year before, according to the latest data from the Energy Information Administration.

Those costs ranged from 12.4 cents/kWh in North Dakota to 46.6 cents/kWh in Hawai’i. The other highest cost states for residential customers were California at 35.3 cents/kWk, Connecticut at 32.2 cents/kWh and Massachusetts and New York at 29.5 cents/kWh.

Eversource Energy’s Connecticut Light and Power subsidiary is preparing to seek a $503 million rate increase, according to a May 20 filing at the Connecticut Public Utilities Regulatory Authority. If approved, it would increase residential rates by about 13%, the utility estimated.

CL&P said it would show PURA it has strategies to keep customer bills as stable and affordable as possible, while keeping the distribution system reliable.