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EconomyMorning Bid: Suddenly the Strait of Hormuz is ‘irrelevant’ to the US

Wayne Cole surveys the day ahead for European and global markets. The item highlights a sudden shift in how the United States views the Strait of Hormuz, describing the waterway as having become “irrelevant” to Washington. It frames that change as the central market-related development under consideration.

marketsUnited StatesStrait of Hormuz

RReuters★★☆☆☆2026-08-10 04:50Original

Morning Bid: Suddenly the Strait of Hormuz is ‘irrelevant’ to the US
Morning Bid: Suddenly the Strait of Hormuz is ‘irrelevant’ to the USEconomy