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 steadied with the yield on the benchmark 10-year note little changed. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)