CNBC Daily Open: Trump ratchets up war rhetoric, Houthis target Red Sea

A woman walks past war-themed graffiti and murals painted on walls along the capital Tehran's streets and avenues as air defense systems are activated during the night while daily life continues in the shadow of rising military tensions between the US and Iran on July 22, 2026 in Tehran, Iran. Fatemeh Bahrami | Anadolu | Getty ImagesHello, this is Hui Jie writing to you from Singapore. Welcome to another edition of CNBC's Daily Open.U.S. President Donald Trump has escalated threats against Iran, saying he would bomb power plants and bridges in the country if it continued to attack ships in the Strait of Hormuz. The strait is not the only thing to be concerned about. Houthi rebels said they attacked shipping in the Red Sea, which has the Bab al-Mandeb oil chokepoint.Tech also has been in focus, with Alphabet, Tesla and IBM all reporting their second-quarter earnings.What you need to know todayWhile some reports suggest that regional mediators are racing to calm the conflict in Iran, U.S. President Donald Trump has upped the ante, escalating tensions.Trump on Wednesday threatened to bomb bridges and power plants in Iran if the Islamic Republic attacked shipping in the Red Sea — inclu...