President Trump to Reimpose a U.S. Blockade of Iran

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 13 July 2026

⏱️ 11 minutes

🔗️ Recording | Apple Podcasts | RSS

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Summary

P.M. Edition for July 13. The standoff over the Strait of Hormuz heats up: President Trump says he is reinstating the U.S. blockade of Iranian shipping through the crucial waterway, sending oil prices soaring. Plus, a coalition of a dozen states is suing to block the merger between Paramount and Warner Bros Discovery, the strongest legal challenge yet to the $81 billion acquisition. And Kathryn Ruemmler had said she would step down as Goldman Sachs’s top lawyer at the end of June after her long relationship with Jeffrey Epstein came under scrutiny. But instead she’s staying on, complicating efforts to find her successor. WSJ lead financial reporter AnnaMaria Andriotis discusses what’s going on inside the bank ahead of Ruemmler’s testimony in front of Congress on Wednesday. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter.

Transcript

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0:00.0	Access to affordable credit helps me pay my employees, but I don't really need it.
0:05.0	Infliction is killing me!
0:08.0	But who cares? Big retailers are making record profits!
0:12.0	That's why we support the Durban Marshall Credit Card Bill!
0:15.0	See? Banks and credit unions help small businesses make payroll.
0:18.0	This bill would cut the vital resources they need.
0:25.1	While increasing megastore profits, they deserve it. Don't they?
0:29.1	Tell Congress, stop the Durban Marshall money grab for corporate megastores.
0:31.3	Paid for by the Electronic Payments Coalition.
0:40.2	Trump says the U.S. blockade of Iranian shipping is back on, and oil prices jump.
0:45.6	Plus, Goldman Sachs' top lawyer was going to step down after she was named in the Epstein files.
0:51.1	Instead, she's actively involved in choosing her successor, and she's testifying to Congress this week. There has been concern inside Goldman about the impact that this could have on the reputation
0:58.3	of Goldman Sachs.
1:00.0	And a dozen states are trying to stop the Paramount Warner Brothers merger.
1:04.3	It's Monday, July 13th.
1:06.1	I'm Alex O'Souillev for the Wall Street Journal.
1:08.5	This is the PM edition of What's News, the top headlines and business stories that move the world today.
1:18.2	We begin tonight's show with the latest on the Middle East, where a standoff over who controls the Strait of Hormuz has led to days of fighting between the U.S. and Iran.
1:27.1	President Trump said today that he was reimposing the U.S. and Iran. President Trump said today that he was
1:28.7	reimposing the U.S. blockade on Iranian shipping. The military says that will resume tomorrow at 4 p.m.
1:34.4	Eastern. And in an interview on Fox News, Fox and Friends, Trump said that the U.S. would be back in
1:39.9	control of the waterway. Linda Graham was definitely on your side when it comes to Iran and the threat, them not
	...

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