Market Flux Event
Trump Shuts Down Iran Talks, Claims Hormuz as US Territory as UAE Reports Missile Threat
President Donald Trump declared on August 18 that no talks with Iran are taking place or scheduled, flatly contradicting Iran's foreign minister, who said the US was "begging" for negotiations on Tehran's terms. Trump posted an image on Truth Social depicting the Strait of Hormuz as "NEW U.S. Territory," while separately stating the strait is open and operating and that all water mines have been removed or detonated.
The US naval blockade remains fully in effect. Bloomberg reported that Trump has shut the 60-day window for an Iran peace deal, deepening a standoff now in its 170th day. Iran said the strait would remain shut until Washington meets interim deal conditions, putting the two sides in direct public contradiction over the waterway's status.
Trump also threatened to bomb Oman, which a former US ambassador described as an attempt to get Oman's "attention," amid administration concerns that Oman and Iran may arrange a tolling scheme for the strait that would bypass the US. Late in the day, the UAE Ministry of Defence reported that air-defence systems had detected and were responding to a missile threat, with authorities urging residents to stay in safe locations. Separately, Trump's approval rating fell to 33% in a Reuters/Ipsos poll of 1,166 US adults, with 64% disapproving, as Republican congressman Don Bacon said Trump had set "false expectations" on the Iran war and cited rising gas prices and a weapons shortage.
The Pentagon was also reported to be weighing a reduced US troop presence in the Persian Gulf following Iranian strikes that exposed vulnerabilities at major American bases, with options including shifting forces west toward Jordan and Israel. Stocks fell at the open following Trump's announcement of no Iran talks.
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Sources
- StaunovoHormuz Strait to remain shut until U.S. meets interim deal conditions, Iran says
- OpenOutcrierTrump Takes Hard Line on Iran as Hormuz Standoff Drags On - BBG
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- AJENewsBREAKING: Israeli airstrikes targeted Syrian airbase in Idlib, no casualties reported: State TV LIVE updates:
- DeItaoneTrump tweets: Strait of Hormuz - new American territory
- BloombergUSS Lincoln Scrutiny Amplifies Democrats’ Iran War Critiques
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- JavierBlasWell, many Iranians would be delighted to see US President Donald Trump calling the waters the “Persian Gulf” rather than the “Arabian Gulf.”
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- WallstengineTrump: There are no talks or conversations going on, or scheduled, with the Islamic Republic of Iran. The Naval Blockade remains in full force and effect. The Hormuz Strait is open and operating. All water mines have been removed or detonated.
- ShelbyTalcottTrump’s threat against Oman comes amid concerns by the administration that Oman and Iran “may cut a deal where there’s a tolling scheme” for the Strait of Hormuz, and that any such deal could bypass the US. Trump “really wants to say he opened up the strait without a direct
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- MarketRebelsPres. Trump: No talks or conversations going on, or scheduled, with Iran; Hormuz Strait is open and operating; All water mines removed or detonated
- Capital_HungryOne of the reasons Trump does whatever Bibi wants
- Seeking AlphaU.S.-Iran talks? Trump says think again
- CnbcTrump's Oman bomb threat an attempt to get their 'attention,' says former ambassador
- InvestingNo U.S. talks with Iran ongoing or scheduled, Trump says
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