Trump Likes the Idea of Declaring Hormuz a "Territory"

The war between the US and Iran has slowed down, as peace prospects dim with President Trump in no hurry to reach a peace deal. The apparent slowdown of actions comes as the President insists the US is controlling the Strait of Hormuz, as major US defense firms race to make cheaper missiles to bolster to US weapons stockpile. Bloomberg News National Security Reporter Nick Wadhams and Senior Adviser as CSIS Mark Cancian join Businessweek Daily to discuss the latest on the conflict. (Source: Bloomberg)