Welcome back to the City AM liveblog. Oil prices are holding up at around $88 per barrel after the war of words between the US and Iran over the Strait of Hormuz continued over the weekend. Donald Trump has threatened to seize the narrow waterway and make it a US territory, marking a major escalation [...]
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August 17, 2026 at 5:24 AM
FTSE 100 Live: Stocks to rise as Trump threatens to declare Strait of Hormuz as US territory
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