Saudi Oil Tankers Attacked, Trump's New Tariffs, Wisconsin Police Shooting

Summary of Saudi Oil Tankers Attacked, Trump's New Tariffs, Wisconsin Police Shooting

by NPR

12mJuly 24, 2026

Overview of Up First from NPR

This episode covers three major breaking-news themes: escalating conflict in the Middle East and its impact on oil prices, President Trump’s new tariff regime as a previous tariff expired, and public reaction in Madison, Wisconsin after police fatally shot Corey Ruiz during an attempted arrest.

Middle East Escalation and Rising Oil Prices

Oil prices surged after Iran-backed Houthi rebels attacked two Saudi tankers in the Red Sea, pushing Brent crude above $100 a barrel for the first time since May.

Key developments

  • The Houthis said the attacks were retaliation for Saudi actions in Yemen.
  • The Red Sea and Bab al-Mandeb Strait were described as critical shipping chokepoints for oil and fuel.
  • The conflict is contributing to broader economic pressure, including higher prices for consumer goods and shipping surcharges.

Broader military situation

  • The U.S. said it completed a 13th round of strikes in Iran targeting:
    • military command centers
    • drone storage facilities
    • coastal surveillance sites
  • Iran retaliated with attacks on U.S. bases in the region.
  • Sirens were reported in Bahrain and Kuwait, and a drone was shot down near Erbil, Iraq, briefly closing the airport.
  • Several foreign missions, including the British embassy, have reduced their presence in Iran and advised citizens to leave.

Saudi-U.S. nuclear deal wrinkle

  • The U.S. and Saudi Arabia signed an agreement allowing U.S. companies to help build and operate nuclear power plants in Saudi Arabia.
  • Soon after, Trump said Saudi Arabia would need to join the Abraham Accords first.
  • The agreement does not include the “gold standard” restrictions that would bar Saudi uranium enrichment or fuel reprocessing.

Trump’s New Tariffs and Legal Questions

As one major tariff expired, the administration replaced it with a new set of tariffs aimed at dozens of countries.

What changed

  • A 10% global tariff expired overnight.
  • The administration introduced new tariffs of 10% to 12.5% on 59 countries plus the European Union.
  • The White House says the tariffs target imports connected to forced labor.
  • Some categories, including energy and many food products, are exempt.

Why it matters

  • The move comes after the Supreme Court struck down some prior tariffs, raising new legal and political questions.
  • Critics argue the administration is repackaging the old tariff strategy under a different justification.
  • The process is more structured than some earlier tariff moves, but Trump still has room to impose sudden tariffs, including new 50% tariffs on some Canadian goods set to begin next month unless negotiations change course.

Political and economic context

  • Polling suggests many Americans dislike tariffs and are frustrated with the economy.
  • The administration argues tariffs will create long-term leverage and benefits.
  • Economists remain skeptical, and more tariffs could still be added under other investigations.

Madison, Wisconsin Police Shooting

Residents in Madison gathered to remember Corey Ruiz, who was shot and killed by police on Wednesday during an attempted arrest.

What police say happened

  • Officers responded to a report of someone checking car doors.
  • Ruiz fled on a bicycle.
  • Police say there was a struggle after they caught up with him.
  • They say Ruiz pulled a knife, officers used a taser, and one officer was injured before firing the fatal shots.

Community response

  • Madison Mayor Satya Rhodes-Conway said the city needs to do better and raised concerns about de-escalation.
  • Protesters disrupted a city press conference, reflecting intense public anger and grief.
  • Ruiz’s family and friends held a vigil; he was described by loved ones as a father who cared deeply for his daughter.

Investigation status

  • The Wisconsin Division of Criminal Investigation is reviewing the shooting.
  • The officers involved have been placed on administrative leave.
  • None of the officers wore body cameras because Madison Police do not have them department-wide.
  • Dashcam footage and bystander videos may be important to the investigation.

Main Takeaways

  • Middle East fighting is intensifying, and oil markets are reacting quickly.
  • Trump’s tariff strategy is shifting, but legal and political uncertainty remains.
  • The Madison police shooting is under investigation, with major questions about de-escalation, accountability, and the lack of body cameras.

Notable Points to Remember

  • Brent crude briefly passed $100/barrel.
  • The U.S. has continued strikes on Iran while Iran has retaliated regionally.
  • The new tariffs cover a wide share of U.S. imports and are tied by the administration to forced labor concerns.
  • Corey Ruiz’s death has triggered protests and renewed scrutiny of police practices in Madison.