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Macro Finance

Trump Says US Controls the Strait of Hormuz, But Talks Continue

Bloomberg Markets·August 12, 2026·1 min read

President Donald Trump claimed the US had 'total control over the Hormuz Strait,' saying 'We own it' and that Iran's actions will be met with force. Talks appear deadlocked as each side hardens their stance. Oil prices have been climbing amid uncertainty over a potential deal.

Read at Bloomberg Markets
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