The MeidasTouch Podcast
The MeidasTouch Podcast

Thursday Afternoon Breaking News Updates with Ben - 5/7/2026

May 7, 2026

AI Summary

5 min read

Ben Meiselas delivers rapid updates on escalating tensions in the Strait of Hormuz, a leaked CIA assessment contradicting Trump administration claims about Iran, tariff backpedals, strained international relations, and domestic distractions including Epstein-related inquiries.

Strait of Hormuz Exchange of Fire

Iranian state media (FARS, Tasnim) reported US strikes on an Iranian oil tanker near the Strait of Hormuz, followed by Iranian missile and drone attacks on US naval units, damaging them and forcing retreat. Strikes hit commercial areas at Bandar Abbas port and Kesham Island pier, with air defenses responding to drones and explosions heard. US officials confirmed strikes on Iranian targets in Kesham port and Bandar Abbas, framing them as self-defense during transit of three destroyers (USS Truxtun, Rafael Peralta, USS Mason) through the strait to the Gulf of Oman. CENTCOM stated Iranian forces launched unprovoked missiles, drones, and small boats; no US assets were hit, and strikes targeted Iranian missile/drone sites, command nodes, and surveillance. Both sides claim the other initiated, with US emphasizing no desire for escalation. This follows Trump's short-lived Project Freedom, which aimed to escort tankers out but ended abruptly amid Arab states denying US use of bases/airspace; no tankers have exited, and Iran retains control.

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What you'll learn

  • 1 (02:14) **Iran-US Gunfire Exchange in Strait of Hormuz** - Iranian media reports US attack on oil tanker, Iran fires missiles at US units; ports hit near Bandar Abbas and Keshm
  • 2 (05:42) **Project Freedom Fiasco Recap** - Trump announced tanker escorts, ended it 24hrs later as "success" despite no ships freed
  • 3 (08:10) **US Confirms Strikes on Iran** - Senior US officials verify hits on Keshm port and Bandar Abbas, claim "not restarting war"
  • 4 (11:22) **Iran Air Defenses Activate in Tehran** - Escalation fears rise amid reports of explosions and ongoing clashes
  • 5 (13:13) **CIA Leak Debunks Trump Claims** - Assessment shows Iran retains 75% drone/missile capacity, months of oil reserves despite blockade
  • 6 (15:37) **Trump Backs Off EU Tariffs** - Delays 25% tariffs until after US 250th birthday amid market dip
  • 7 (16:50) **Trump-Lula Meeting Canceled** - Press event scrapped after hours; Lula confronts Trump on wars, tariffs, multilateralism

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Show Notes

MeidasTouch host Ben Meiselas reports on breaking news from the day.


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