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U.S. military launches second night of strikes against Iran

▶ Watch Video: U.S. launches another round of strikes against Iran, CENTCOM says

Washington — The U.S. military launched another round of strikes against Iran late Wednesday night, U.S. Central Command said, in the second night of attacks as diplomacy between the two countries appears to collapse. 

CENTCOM said on X that Wednesday’s strikes are intended to “further degrade [Iran’s] ability to threaten freedom of navigation in the Strait of Hormuz.” It said the strikes were ordered by President Trump in response to Iranian attacks on three commercial oil tankers earlier this week.

The military said it hit about 90 Iranian targets, including air defenses, drone and missile storage, naval targets and logistics infrastructure on Iran’s coast. Iranian state media outlets reported that explosions were heard in several cities, including the southern port city of Bandar Abbas.

Early Thursday morning, Kuwait said it was “confronting hostile missile and drone attacks.” Emergency sirens also sounded in Bahrain. The two countries did not specify the source of the threats, but Iranian counterattacks against U.S.-allied Gulf states have closely followed previous U.S. strikes on Iran. 

Hours earlier, Mr. Trump had vowed to “hit [Iran] hard again tonight.” Asked about the three-month-old ceasefire between the two countries, which has repeatedly been mired by on-and-off fighting, he told reporters: “As far as I’m concerned, it’s over.”

After Wednesday’s strikes began, Mr. Trump wrote on Truth Social that “it will get much worse” if Iran attacks more ships.

This week’s back-and-forth began with Iranian attacks on three oil tankers in the Strait of Hormuz on Monday and Tuesday. The Trump administration retaliated by striking dozens of targets inside Iran on Tuesday and rescinding a sanctions waiver that allowed Iran to sell its oil abroad. Iran then fired drones and missiles at U.S.-allied Kuwait and Bahrain.

The latest round of fighting could endanger already tenuous peace negotiations between the U.S. and Iran. The two sides signed a memorandum of understanding last month to extend their ceasefire by 60 days, reopen the Strait of Hormuz, end a U.S. blockade on Iranian ports and begin easing sanctions on Iran. The two countries also agreed to hold two months of further talks to tackle thorny issues like the fate of Iran’s nuclear program.

Since then, there have been a handful of military exchanges between the U.S. and Iran, and both countries have accused each other of violating the deal. Commercial ships have begun returning to the Strait of Hormuz, easing oil prices, but Iran has continued to push for some degree of control over the strait — a demand the U.S. has rejected.

On Wednesday, Mr. Trump appeared pessimistic about diplomatic talks with Iran, calling the country’s leaders “sick” and saying “it’s just a waste of time dealing with them.”

“I’ll let our wonderful negotiators keep talking if they want, but I don’t see it,” he told reporters during a NATO summit in Turkey. “I don’t like these people, you know that.”

Later in the day, after Wednesday’s strikes began, Mr. Trump told reporters that Iran wants “to make a deal so badly,” but he doesn’t know if Iran is “worthy of making a deal.”

“I don’t know if they’ll honor a deal,” he said.

Nvidia set to report earnings as AI bubble fears loom

Nvidia's logo is displayed at their headquarters on Aug. 26, 2026, in Santa Clara, California. Nvidia's second-quarter earnings are expected to be released after markets close on Wednesday. (Benjamin Fanjoy/Getty Images)(NEW YORK) -- Nvidia is set to report earnings on Wednesday as a data center boom drives demand for the company's advanced artificial intelligence chips, despite political backlash and looming concern about a financial bubble.In recent years, the California-based behemoth has defied skeptics with blockbuster revenue quarter after quarter.Rip-roaring growth transformed Nvidia from an ascendant AI player into the world's most valuable company. Investors will be eager to see whether the firm continued to deliver staggering revenue gains over the three months ending in July.The results hold implications well beyond Nvidia. Many analysts view the company as a bellwether for the stock market and the overall economy, which have both come to rely in part on massive spending on AI.Nvidia is expected to report second quarter revenue of $92 billion, which would amount to a 96% jump from the same period a year earlier, Bloomberg estimates showed.As big-tech names spend hundreds of billions on chips and data centers necessary for the energy-intensive technology, however, the financial benefits remain uncertain.The earnings reported by Nvidia will gauge demand for a key building block of AI, showing whether appetite for the technology remains at a fever pitch.Before the earnings report, Karan Girotra, a professor of operations, technology and innovation at Cornell Tech, said investors would watch whether the company has retained its dominance in chip manufacturing.As opposed to the highly competitive markets for AI models and enterprise products, the chip sector has given way to a clear winner.Nvidia "does not face a serious challenger at its layer of the stack and is probably the best chance for public market investors to profit from the AI boom," Girotra said.Fears of an AI bubble persisted ahead of Nvidia’s previous earnings report, but the company rebuked naysayers. Nvidia recorded $81.6 billion in sales over three months ending in April, which beat analyst expectations of $79.2 billion. The jump in revenue marked 85% growth compared to the same quarter a year earlier.Despite Nvidia's continued expansion, investors have proven jittery in recent months. Shares have climbed 13% so far this year after soaring nearly 39% in 2025.The company boasts a market cap of $5.1 trillion, making it roughly equivalent to the GDP of Japan or Germany. Nvidia expanded at a breakneck pace after an AI craze set off by the release of OpenAI’s ChatGPT in 2022, soaring nearly 700% over the ensuing two years.Copyright © 2026, ABC Audio. All rights reserved.
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