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Trump Claims Hormuz Control, US CPI Data on Deck | The Opening Trade 8/12/2026
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’ll do something, and then they get blown away.” US consumer prices data for July will be in focus as higher oil prices raise concerns that the Federal Reserve will need to hike interest rates. Treasuries…
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