Still No End in Sight to the Iran Conflict

Summary

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Fox News Hourly Update: "Still No End in Sight to the Iran Conflict"

Date: May 22, 2026
Host: Dave Anthony, FOX News Podcasts

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Episode Overview

This episode centers on continued tensions in the Iran conflict, an escalating situation affecting international shipping, energy prices, and broader geopolitical dynamics. Additional topics include President Trump's social media activity, the unexpected passing of NASCAR legend Kyle Busch, developments in the energy market, a new Federal Reserve appointment, and updates on the NBA playoffs.

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Key Discussion Points & Insights

Ongoing Iran Conflict and International Response

• Situation Unresolved:
  FOX News anchor Dave Anthony sets the stage:

  "Still no end in sight to the Iran conflict." (00:03, Dave Anthony)

• Potential Escalation in the Strait of Hormuz:
  Concerns about Iran's willingness to disrupt shipping:

  "We have to start thinking about what do we do if a few weeks from now Iran decides we don't care, we're going to keep the straits closed, we're going to sink any ship that doesn't listen to us or doesn't pay us, then someone's going to have to do something about it." (00:08)

• NATO and US Involvement:
  US Secretary of State Marco Rubio comments at NATO gathering:

  "The US could act alone, but some of our allies need that Strait of Hormuz shipping even more." (00:19, Dave Anthony)
  Rubio emphasizes international cooperation:
  "I don't know if that would be a NATO mission necessarily, but it would certainly be NATO countries that can contribute to it." (00:26, Rubio)

• President Trump's Criticism of NATO and Diplomatic Progress:
  Ongoing skepticism about allies' contributions:

  "President Trump's been very critical of NATO allies not helping." (00:32, Dave Anthony)
  "Rubio also said this morning there is a bit of progress in talks." (00:32, Dave Anthony)

• Risk of Ceasefire Breakdown:
  Jackie Heinrich reports:

  "A member of Iran's parliament reportedly told state media this morning that Tehran could act first to break the cease fire if it believed the US was preparing to attack. President Trump is not giving away any clues about his next move..." (00:40, Jackie Heinrich)

• President’s Unpredictability & Readiness to Act:

  "He was right on the borderline of potentially resuming military action." (00:40, Jackie Heinrich)

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President Trump’s Social Media and Pop Culture Commentary

• Stock Market Booming:
  Trump trumpets economic success:

  "The president wrote on Truth Social new stock market record and the Dow has hit a new all time trading high. It's gaining more than 350 points." (01:04, Dave Anthony)

• Colbert Cancellation Reaction:
  Trump celebrates media adversary’s exit:

  "Thank goodness Stephen Colbert is finally gone, calling him a total jerk with no talent, no ratings..." (01:04, Dave Anthony)

• Speculations on Colbert’s Cancellation:

  "Colbert supporters believe he was canceled for political reasons. CBS says it was a financial decision." (01:28, Dave Anthony)

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Sudden Death of NASCAR’s Kyle Busch

• Historic Career and Shocking News:

  "Racing fans and drivers in disbelief at Kyle Busch's sudden death days after his 234th victory, the most in NASCAR history." (01:28, Dave Anthony)
  "Bush was only 41." (01:56, Dave Anthony)

• Circumstances Remain Unclear:
  Jackie Heinrich reports:

  "Bush was testing in the Chevrolet racing simulator Wednesday when he became unresponsive and was transported to the hospital. Again, still do not know how the NASCAR legend died." (01:40, Jackie Heinrich)

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Economic & Market Developments

• Stock Market Update:

  "The Dow is adding to yesterday's record close, hitting a new all time intraday high. It's currently gaining 345 points. The NASDAQ is up 73. The S&P 500 adding 33 points." (02:23, Dave Anthony)

• Oil Prices and Gasoline Impact:

  "The price of oil is more than 1% higher. WTI close to 98 bucks a barrel. The price at the pump, oh, down a penny. But gas is still close to the highest price we've been paying since 2022." (02:23, Dave Anthony)
  "4.55 a gallon for average regular across that is up 3 cents in the last week, about 50 cents in the last month and about a buck and a half in the last since this time last year." (02:56, D)

• Consumer Travel Adjustments:

  "People are going to travel, but they may not spend as much on hotels and restaurants and other activities because of the bite of the gas prices." (02:56, D)

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New Federal Reserve Appointment

• Kevin Warsh Sworn in as Fed Chair:

  "About an hour from now, the new chairman of the Federal Reserve will be sworn in at the White House." (03:25, Dave Anthony)
  "It's the first time a Fed chair has been sworn in at the White House since Alan Greenspan nearly 40 years ago." (03:36, F)

• Warsh’s Background:

  "Warsh, who previously served as a Federal Reserve Board governor and later worked with billionaire investor Stanley Druckenmiller, was confirmed by the Senate earlier this month after testifying at a confirmation hearing last month." (03:36, F)

• Emphasis on Central Bank Independence:

  "Monetary policy independence is essential. Monetary policymakers must act in the nation's interest." (03:57, Dave Anthony quoting Warsh)

• Powell’s Ongoing Board Role:

  "The former chair, Jerome Powell, has said he will remain on the Board of Governors out of concern over a prior DOJ investigation into cost overruns in the Fed's building renovations." (04:03, F)

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Sports Update: NBA Playoffs

• Knicks Lead Cleveland:

  "The New York Knicks beat Cleveland 109-93 to go up two games to none in the Eastern Conference finals." (04:14, Dave Anthony)

• Western Conference Tied:

  "Tonight, Game three of the west finals, Oklahoma City and San Antonio split the first two." (04:14, Dave Anthony)

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Notable Quotes & Moments

• "[If] Iran decides we don't care, we're going to keep the straits closed, we're going to sink any ship that doesn't listen to us ... then someone's going to have to do something about it." (00:08, Unnamed Analyst)
• "I don't know if that would be a NATO mission necessarily, but it would certainly be NATO countries that can contribute to it." (00:26, Marco Rubio)
• "President Trump is not giving away any clues about his next move after saying earlier this week he was willing to wait a couple of days for Iran's response." (00:40, Jackie Heinrich)
• "Bush was testing in the Chevrolet racing simulator Wednesday when he became unresponsive and was transported to the hospital." (01:40, Jackie Heinrich)
• "Monetary policy independence is essential. Monetary policymakers must act in the nation's interest." (03:57, Kevin Warsh)
• "Before the Iran war, we were down below $3 a gallon." (02:56, D)

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Important Timestamps

• 00:03-00:32: Iran conflict updates; US and NATO roles
• 00:40-01:04: White House, Iran ceasefire tension; President Trump’s stance
• 01:04-01:28: Stock market update; Trump on Colbert
• 01:28-01:56: Death of Kyle Busch
• 02:23-02:56: Stock, oil, and gas price updates
• 03:25-04:03: Federal Reserve chair swearing-in
• 04:14-end: NBA playoff news

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Tone & Language

The episode maintains a fast-paced, reportorial Fox News style, mixing hard news with political commentary. Trump’s statements are quoted directly with characteristic bluntness. Market and sports updates provide a rhythmic break from heavier geopolitical content.

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This summary captures all major news and insights from the episode, organized for easy reference for those unable to listen to the full broadcast.

Transcript

[A]

Still no end in sight to the Iran conflict. I'm Dave Anthony, FOX News.

[B]

We have to start thinking about what do we do if a few weeks from now Iran decides we don't care, we're going to keep the straits closed, we're going to sink any ship that doesn't listen to us or doesn't pay us, then someone's going to have to do something about it.

[A]

And Secretary of State Marco Rubio just said at a NATO gathering in Sweden the US could act alone, but some of our allies need that Strait of Hormuz shipping even more.

[B]

So I made that point today. I don't know if that would be a NATO mission necessarily, but it would certainly be NATO countries that can contribute to it.

[A]

President Trump's been very critical of NATO allies not helping. Rubio also said this morning there is a bit of progress in talks, but Fox's Jackie Heinrich reports from the White House.

[C]

A member of Iran's parliament reportedly told state media this morning that Tehran could act first to break the cease fire if it believed the US Was preparing to attack. President Trump is not giving away any clues about his next move after saying earlier this week he was willing to wait a couple of days for Iran's response and also that he was right on the borderline of potentially resuming military action.

[A]

The president wrote on Truth Social new stock market record and the Dow has hit a new all time trading high. It's gaining more than 350 points. The President also wrote on Truth Social thank goodness Stephen Colbert is finally gone, calling him a total jerk with no talent, no ratings, posting that after the last show for the very outspoken Trump critic last night we were here to

[D]

feel the news with you and I don't know about you, but I sure have felt it.

[A]

Colbert supporters believe he was canceled for political reasons. CBS says it was a financial decision. Racing fans and drivers in disbelief disbelief at Kyle Busch's sudden death days after his 234th victory, the most in NASCAR history.

[C]

We do know he was hospitalized earlier in the week for a severe illness and several people familiar with the situation telling the AP Bush was testing in the Chevrolet racing simulator Wednesday when he became unresponsive and was transported to the hospital. Again, still do not know how the NASCAR legend died.

[A]

Madison Scarpino bush was only 41. America's listening Warren G. Ever heard of

[E]

Warren G. It's an energy someone gives off when they have an American home shield warranty. It's the feeling of protected appliances and home systems covered repairs or replacements, H Vacs, ovens fridges. Wow. My warranty is incredible. American home shield. Don't worry, be warranty for 20% off our plans.

[A]

Visit ahs.com listen see ahs.com contracts for coverage details including limit amounts, fees, limitations and exclusions. Again on Wall street, the Dow is adding to yesterday's record close, hitting a new all time intraday high. It's currently gaining 345 points. The NASDAQ is up 73. The S&P 500 adding 33 points. The price of oil is more than 1% higher. WTI close to 98 bucks a barrel. The price at the pump, oh, down a penny. But gas is still close to the highest price we've been paying since 2022,

[D]

455 a gallon for average regular across that is up 3 cents in the last week, about 50 cents in the last month and about a buck and a half in the last since this time last year. And keep in mind, before the Iran war, we were down below $3 a gallon. Now AAA says, yeah, people are going to travel, but they may not spend as much on hotels and restaurants and other activities because of the bite of the gas prices.

[A]

Fox Business Network's Jeff Flock out driving now with a lot of other Americans since what's expected to be record Memorial Day weekend travel. About an hour from now, the new chairman of the Federal Reserve will be sworn in at the White House.

[F]

President Trump will host the swearing in ceremony for the new Federal Reserve chair, Kevin Warsh. It's the first time a Fed chair has been sworn in at the White House since alan Greenspan nearly 40 years ago. Warsh, who previously served as a Federal Reserve Board governor and later worked with billionaire investor Stanley Druckenmiller, was confirmed by the Senate earlier this month after testifying at a confirmation hearing last month.

[A]

Monetary policy independence is essential. Monetary policymakers must act in the nation's interest.

[F]

The former chair, Jerome Powell, has said he will remain on the Board of Governors out of concern over a prior DOJ investigation into cost overruns in the Fed's building renovations. Jessica Rosenthal, FOX News.

[A]

In the NBA playoffs, the New York Knicks beat Cleveland 10993 to go up two games to none in the Eastern Conference finals. Tonight, Game three of the west finals, Oklahoma City and San Antonio split the first two. I'm Dave Anthony and this is FOX News.