President Donald Trump claimed the US had “total control over the Hormuz Strait,” as Washington and Tehran hardened their stances in deadlocked negotiations over the waterway. “We own it,” Trump told reporters at Joint Base Andrews outside Washington late Tuesday. “And at some point, maybe they...
Source: [Bloomberg Markets](https://www.bloomberg.com/news/videos/2026-08-12/the-opening-trade-8-12-2026-video)