WSJ What’s News

Oil Nears $100 as Trump Considers Expanding Iran Conflict

Oil futures rise amid Houthi attacks on Saudi tankers and a U.S. military surge in the Middle East. The episode also covers tech earnings and a public health update.

Oil futures are rising as Iran-backed Houthi militants claimed attacks on Saudi tankers in the Red Sea, prompting the U.S. to surge special-operations forces to the Middle East.

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12 minJul 23, 2026WSJ What’s News

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Oil Nears $100 as Trump Considers Expanding Iran Conflict

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Key takeaways

What to know before you press play.

01

Oil Prices Rise Amid Middle East Tensions

Oil futures are increasing after Iran-backed Houthi militants claimed attacks on a pair of Saudi tankers in the Red Sea, coinciding with a surge of U.S. special-operations forces to the region.

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02

Tech Giants Face Cash-Flow Challenges

Shares of Alphabet and Tesla have tumbled as these big-spending tech giants report turning cash-flow negative.

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03

Elon Musk’s Earnings Call Analyzed

WSJ reporters Meghan Brobowsky and Becky Peterson break down the numbers and analyze Elon Musk’s recent earnings call, described as his most boring ever.

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04

FDA Investigates Cyclospora Outbreak

The FDA is investigating a new outbreak of cyclospora.

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Ask GenPod next

Keep the question moving.

01

How do Houthi attacks on Red Sea tankers impact global oil supply chains?

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What does a negative cash flow mean for Alphabet and Tesla's long-term growth?

03

What are the symptoms and transmission methods of cyclospora?

Background reading

The context behind the episode.

Middle East Conflict

Houthi Attacks and U.S. Response

Iran-backed Houthi militants have claimed attacks on a pair of Saudi tankers in the Red Sea. In response, the U.S. has surged special-operations forces to the Middle East, contributing to rising oil futures.

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Market Analysis

Tech Stock Performance

Alphabet and Tesla shares are tumbling as these companies, known for big spending, turn cash-flow negative. WSJ reporters Meghan Brobowsky and Becky Peterson provide analysis on these developments and Elon Musk’s earnings call.

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Questions

Questions to carry into the episode.

Why are oil futures rising?

Oil futures are rising due to attacks on Saudi tankers by Iran-backed Houthi militants in the Red Sea and the U.S. surging special-operations forces to the Middle East.

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Which tech companies are seeing their shares tumble?

Alphabet and Tesla shares are tumbling as they turn cash-flow negative.

2
What health issue is the FDA investigating?

The FDA is investigating a new outbreak of cyclospora.

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Experts

Voices named in the source.

Meghan Brobowsky

WSJ Reporter

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Becky Peterson

WSJ Reporter

3

Elon Musk

Tech Executive

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Sources and disclosure

Where this guide comes from.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

  1. Publisher show notes

    Oil futures are rising again today, after Iran-backed Houthi militants claimed attacks on a pair of Saudi tankers in the Red Sea, and as the U.S. surges special-operations forces to the Middle East.

  2. Publisher show notes

    Plus, Alphabet and Tesla shares tumble as the big-spending tech giants turn cash-flow negative.

  3. Publisher show notes

    WSJ reporters Meghan Brobowsky and Becky Peterson break down the numbers and what to make of Elon Musk’s most boring earnings call ever.

  4. Publisher show notes

    And the FDA investigates a new outbreak of cyclospora.

  5. Publisher show notes

    Sign up for the WSJ’s free What’s News newsletter.

  6. Publisher show notes

    Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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