US asserts control over Strait of Hormuz as markets react to diplomatic signals

Nexus Europa Newsroom
Posted Aug 12, 2026, 09:30 PM UTC · In the digest of 2026-08-12-2130
US asserts control over Strait of Hormuz as markets react to diplomatic signals
Photo: Seznam Zprávy

US President Donald Trump claimed full control over the Strait of Hormuz as markets rallied on diplomatic hints, while nominating Kevin Warsh to head the Fed and RWE canceled US wind projects.

US President Donald Trump claimed the United States maintains complete control over the Strait of Hormuz, asserting that American sanctions and naval blockades have left Iran in severe financial distress. Despite Tehran citing a navigation agreement with Oman, financial markets responded positively after administration officials hinted at a potential deal to reopen the waterway, causing oil prices to drop and stock indexes to rise.

In domestic policy, Trump nominated Kevin Warsh to lead the Federal Reserve, sparking debate over central bank independence following the president's frequent criticism of outgoing chairman Jerome Powell. Concurrently, German energy firm RWE agreed with the US Department of the Interior to cancel its planned offshore wind projects, redirecting capital elsewhere amid sustained opposition to wind infrastructure from the administration.

Sources: Český rozhlas Plus, Ekonomický deník, iROZHLAS, Respect, Seznam Zprávy.

Sources

Earlier coverage

Share