Thursday Afternoon Breaking News Updates with Ben - 7/16/2026
The MeidasTouch Podcast
MeidasTouch Network
4.9 • 56.7K Ratings
🗓️ 16 July 2026
⏱️ 75 minutes
🔗️ Recording | Apple Podcasts | RSS
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| 0:00.0 | Welcome to Ben on Breaking News. I'm Ben Myceles. This is your breaking news moments ago. We learned that the |
| 0:06.1 | United States is striking the bridges in Iran. We have visuals of the bridges on fire in Iran right now, |
| 0:13.4 | and Iran state media is reporting that the United States has attacked the bridge connecting Bandar Abbas to Shiraz. Also, there are power outages |
| 0:24.4 | currently affecting areas in Koristan after the area was attacked by U.S. strikes. |
| 0:30.5 | U.S. is certainly escalating the strikes on Iran under Donald Trump's directives. |
| 0:36.7 | We've been reporting how Donald Trump was |
| 0:39.2 | continuing to escalate and escalate. We reported much earlier in this week that we thought |
| 0:45.6 | there would be further escalation, the Wall Street Journal, and Donald Trump's personal |
| 0:50.8 | stenographer Barack Ravid over at Axios talked about a situation room meeting |
| 0:55.9 | that was held earlier this week where the Trump regime discussed escalating this catastrophic |
| 1:03.0 | war. And this comes at a time as well where we know that we've officially hit tank bottom |
| 1:08.7 | of our strategic petroleum reserves. I've been talking now |
| 1:14.1 | at length about the issues with tank bottom. I've been talking about crack spreads, the difference |
| 1:20.8 | between the price of crude and the price at the refinery, which is now approaching $70 per gallon. And notably, you have the refinery, which is now approaching $70 per gallon. |
| 1:28.3 | And notably, you have the refinery prices continue to rise very quickly. |
| 1:34.3 | But now also we similarly have the price of crude rising as well. |
| 1:40.3 | And the crack spread continues to grow with crude rising as well. |
| 1:45.2 | You have the United States Energy Agency just released a report talking about the U.S. hitting |
| 1:56.1 | tank bottom back in June, actually, the EIA, the energy information agency, talking about how |
| 2:06.7 | tank bottom was actually hit in June. |
| 2:09.8 | And right now we are in a position where, you know, if you just take a look at the graph, |
| 2:17.4 | do we have the schematic, Jeremy, of just what tank bottom actually looks like when you can visualize it here? You look at it right here. You see the suction line at the bottom right there and where tank bottom is, where also it'll start getting very kind of sludgy and unworkable, |
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