WorldTrump Claims Control of Strait of Hormuz as CPI Data Looms

President Donald Trump said the United States has “total control” over the Strait of Hormuz. His claim came as Washington and Tehran took harder positions in stalled negotiations over the waterway. Speaking at Joint Base Andrews outside Washington, Trump said, “We own it,” and warned that any Iranian action could bring a forceful response. July US consumer-price data is due to draw attention, with higher oil prices raising concerns that the Federal Reserve may need to increase interest rates. Treasury markets are also in focus.

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