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Trump’s Low-Key Pivot Leaves Hormuz Oil in Limbo

Bloomberg Markets Monday 10 August 2026, 11:34 UTC By Grant Smith 1 min read
Key Points

Trump’s Low-Key Pivot Leaves Hormuz Oil in Limbo The US President is betting he can wait Iran out, prolonging uncertainty for oil markets. This article is for subscribers only.

Trump’s Low-Key Pivot Leaves Hormuz Oil in Limbo The US President is betting he can wait Iran out, prolonging uncertainty for oil markets. This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, reporter Grant Smith looks at the latest US pivot on efforts to unblock the Strait of Hormuz. In just over a week, Donald Trump has shifted from touting an imminent peace deal with Iran to adopting a “low key” attitude to negotiations.
Trump (ORG) Limbo (LOCATION) US (LOCATION) Iran (LOCATION) Grant Smith (PERSON) the Strait of Hormuz (LOCATION) Donald Trump (PERSON)
Originally published by Bloomberg Markets Read original →

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