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

President Donald Trump said negotiations between Iran and Oman over the Strait of Hormuz are proceeding, after some Iranian lawmakers indicated they would seek to restrict American and Israeli ships from the waterway as part of any agreement. The 10-year Treasury yield rose seven basis points during the US session on August 7, 2026, as oil prices increased. The dollar advanced and gold rose more than 1.4% to near $4,300 per ounce.

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