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.
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