Trump Claims Hormuz Control as US-Iran Tensions Rise
President Trump asserted US control over the Strait of Hormuz amid escalating tensions with Iran over the strategic waterway, using notably aggressive rhetoric. The statement comes as markets await July US consumer price data, with elevated oil prices raising concerns about potential Federal Reserve interest rate hikes and pressuring Treasury yields.
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Trump Claims Hormuz Control, US CPI Data on Deck | The Opening Trade 8/12/2026
President Trump asserted US control over the Strait of Hormuz amid escalating tensions with Iran over the strategic waterway, using notably aggressive rhetoric. The statement comes as markets await July US consumer price data, with elevated oil prices raising concerns about potential Federal Reserve interest rate hikes and pressuring Treasury yields.
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