10PM ET 07/14/2026 Newscast

Summary

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Fox News Hourly Update – 10PM ET 07/14/2026 Newscast

Host: Lisa Licera, FOX News
Date: July 15, 2026

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Episode Overview

This episode covered urgent global and domestic news, including the escalating conflict between the US and Iran in the Strait of Hormuz, political developments in South Carolina, a deadly boating accident near San Francisco, a major media merger lawsuit, Federal Reserve updates, new Ebola outbreak data in Congo, and a sweeping DOJ trade fraud crackdown.

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Key Topics & Discussion Points

1. Middle East Escalation: US–Iran Conflict

[00:03–00:42]

• US Blockade on Iranian Ports:
  The US re-establishes a blockade, keeping shipping traffic out of Iranian ports after Iran targeted civilian ships in the Strait of Hormuz.
• Iran’s Retaliation:
  Iran responds with region-wide strikes, hitting seven commercial ships and launching drones and missiles at neighboring countries (Jordan, Kuwait, Oman, Bahrain, Qatar, UAE).
  • Casualties: Up to a dozen crew killed, missing, or wounded.
  • Kuwait: Reported 33 drones, 6 missiles fired at its territory.
• US Naval Presence:
  “The return of American air power.”—[Lucas Tomlinson, 00:21]
• Regional Impact & Diplomacy:
  President Trump considered charging ships to transit the Strait but reversed after feedback from Iran's neighbors.

2. South Carolina Senate: Darlene Graham Sworn In

[00:42–01:08]

• Darlene Graham (sister of late Senator Lindsey Graham) is appointed as interim Senator.

• Election Timeline:
  Voters to elect next Senator in November; Graham serves remainder of brother’s term.

• Senator Lindsey Graham’s Last Hours:
  Alabama Senator Tommy Tuberville revealed a former staffer called for medical aid after Graham experienced chest pains.

  “It was a former member of his staff who actually called for medical assistance to aid Graham after he experienced chest pains.”—[Kevin Cork, 01:08]

3. Breaking News: San Francisco Boat Disaster

[01:30]

• A pontoon boat fire and capsize near San Francisco left one dead, two missing, and 16 rescued.

4. WGA vs. Paramount–Warner Bros. Discovery Merger

[01:30–01:46]

• Legal Action:
  The Writers Guild of America filed a lawsuit to block Paramount’s $81B merger with Warner Bros. Discovery, citing harm to writers.

5. Federal Reserve Update: Inflation & Labor Market

[03:01–03:38]

• Fed Chair Kevin Warsh’s Testimony:
  Commits to tackling inflation, stating:

  “If we get policy right, and I can assure you we will, the inflation surge of the last five years will be a thing of the past.”—[Kevin Warsh, 03:13]

• Labor Market:
  Warsh described conditions as “broadly stable.”
• Fed Remembers Alan Greenspan:
  Warsh opened with condolences for the recently deceased former chair:

  “We at the Fed recall the chairman's strong and steady leadership, his strong hand in a period of rapid economic change.”—[Kevin Warsh, 03:30]

6. Macroeconomic Update: Cooling Inflation

[03:47]

• Consumer prices dropped 0.4% last month—the largest decrease in four years.

7. Global Health: Ebola in Eastern Congo

[03:47–04:14]

• WHO warns that 80% of new Ebola cases stem from unknown transmission chains, suggesting an accelerating outbreak.

8. DOJ National Trade Fraud Crackdown

[04:14–04:53]

• DOJ’s National Fraud Enforcement Division initiated over 900 enforcement actions and recovered more than $1 billion.
• Chicago couple charged with smuggling, evading $38 million in duties.

  “These alleged lies allowed these defendants to evade more than 38 million in duties.”—[Colin McDonald, 04:34]

• Official Statement:
  “The days of bad actors seeking to exploit the American economy by ignoring and violating U.S. customs laws are over.”—[Assistant Attorney General Colin McDonald, 04:42]

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Notable Quotes & Memorable Moments

• Iran Escalation:

  “Iran is striking back, hitting seven commercial ships in the Strait of Hormuz with up to a dozen crew members killed, missing or wounded.”—[Admiral Cooper cited by Lucas Tomlinson, 00:21]

• Fed on Inflation:

  “If we get policy right... the inflation surge of the last five years will be a thing of the past.”—[Kevin Warsh, 03:13]

• On Graham’s Final Hours:

  “It was a former member of his staff who actually called for medical assistance to aid Graham after he experienced chest pains.”—[Kevin Cork, 01:08]

• Trade Fraud Enforcement:

  “The days of bad actors seeking to exploit the American economy by ignoring and violating U.S. customs laws are over.”—[Colin McDonald, 04:42]

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Quick Timestamps for Segments

• US–Iran Escalation: 00:03–00:42
• Darlene Graham Appointed: 00:42–01:08
• San Francisco Boat Fire: 01:30
• WGA Lawsuit: 01:30–01:46
• Fed Congressional Testimony: 03:01–03:38
• Inflation Drops: 03:47
• Ebola Outbreak: 03:47–04:14
• Trade Fraud Crackdown: 04:14–04:53

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Summary Prepared for Listeners Who Missed the Episode.
All critical events, statements, and policy impacts are included for clarity and context.

Transcript

[A]

The blockade back on. I'm Lisa Licera, FOX News. But Iran continues to fight back, launching strikes at its neighbors after the US Began keeping ship traffic out of Iranian ports. The latest escalation between the US And Iran coming after Iran began targeting civilian ships in the Strait of Hormuz despite

[B]

the return of American air power. Admiral Cooper, commander of U.S. forces in the Middle east, says Iran is striking back, hitting seven commercial ships in the Strait of Hormuz with up to a dozen crew members killed, missing or wounded. Iran has attacked Jordan, Kuwait, Oman, Bahrain, Qatar and the UAE today, Kuwait reported Iran fired 33 drones and six missiles at its country.

[A]

Fox's Lucas Tomlinson in Tel Aviv. President Trump had said he would charge ships fees to pass through the strait once the US Takes control, but reversed course earlier today after he says he was contacted by Iran's neighbors. Darlene Graham, the sister of the late Senator Lindsey Graham, has been sworn in as the next senator from South Carolina after being appointed yesterday by Governor Henry McMaster. Darlene Graham is expected to serve the remainder of her brother's term, which expires in January.

[C]

Voters in South Carolina will get a chance to decide who in November will hold that seat for the next six years. Meantime, we're learning more about the senators final hours tonight, Alabama Senator Tommy Tuberville revealing today that it was a former member of his staff who actually called for medical assistance to aid Graham after he experienced chest pains.

[A]

Fox's Kevin Cork. One person has died, two are missing and 16 rescued after a pontoon boat caught fire and capsized in the waters off San Francisco. The Writers Guild of America, the latest group to challenge Paramount's $81 billion acquisition of Warner Brothers. Discovery, the union filing a lawsuit seeking to block the merger on the grounds that it causes specific harm to movie and TV writers. America's listening to FOX News. Nearly home.

[D]

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[E]

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[A]

The new Fed chair repeated his commitment to bring down inflation. As he testified before Congress today.

[F]

Federal Reserve Chair Kevin Warsh told the House Financial Services Committee the Fed has no tolerance for high inflation.

[B]

If we get policy right, and I can assure you we will, the inflation surge of the last five years will be a thing of the past.

[F]

Warsh described the labor market as broadly stable. He opened his remarks by remembering former Fed Chair Alan Greensp died last month.

[B]

We at the Fed recall the chairman's strong and steady leadership, his strong hand in a period of rapid economic change.

[F]

Warsh has set up Fed task forces, which he says are now in discovery mode and says the results will be shared. Ginny Coselda, FOX News.

[A]

The Labor Department says inflation cooled last month. Consumer prices dropped.4%, the largest monthly drop in four years. The World Health Organization says 80% of the new Ebola cases in eastern Congo are coming from unknown chains of transmission. And it says that's a sign the outbreak is spreading faster than health officials can track. In its new national trade fraud crackdown, the Department of Justice's new task force finds more than a billion dollars in

[G]

trade fraud months after the creation of the DOJ's National Fraud Enforcement Division. There's been over 900 major enforcement actions and now over $1 billion in criminal and civil recoveries, penalties and forfeitures against entities or people nationwide, including a couple charged in Chicago with Smugg into the

[B]

U.S. these alleged lies allowed these defendants to evade more than 38 million in duties.

[G]

Assistant U.S. attorney General Colin McDonald saying under the Trump administration, the days of bad actors seeking to exploit the American economy by ignoring and violating U.S. customs laws are over.

[A]

Fox's Jeff Manasso. I'm Lisa Licera. This is FOX News.

[H]

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