Trump Says Hormuz Talks ‘Moving Along’ Even as Iran Mulls US Ban | The Opening Trade 8/7/2026

AI Summary

US President Donald Trump stated that negotiations between Iran and Oman over the Strait of Hormuz are progressing despite Iranian lawmakers considering banning American and Israeli ships from the passage. Meanwhile, oil prices rose, influencing US Treasury yields and the dollar's strength in global markets.

US President Donald Trump said negotiations between Iran and Oman over the Strait of Hormuz are “moving along,” even after some Iranian lawmakers said they would seek to bar American and Israeli ships from the waterway as part of the deal. Treasuries were steady after the 10-year yield climbed seven basis points during the US session as higher oil prices revived concerns that the Federal Reserve may need to keep interest rates elevated. The dollar held gains after posting its biggest advance in two weeks during the New York session, while gold rose more than 1.4% to approach $4,300 an ounce. 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 and Lizzy Burden. (Source: Bloomberg)