Iran won't reopen Strait of Hormuz
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When Kevin Hassett stumbled to defend himself, CNN’s Jake Tapper hurled his previous comments back in his face.
The United Arab Emirates' Abu Dhabi National Oil Company said one of its ships was targeted while transiting the strait on Saturday.
Former JCPOA negotiator and Middle East Institute's Alan Eyre says Iran has gained the strategic advantage in the Strait of Hormuz despite U.S. military dominance, as Washington focuses on reopening the key waterway and preventing further escalation.
Oil prices remain elevated after Iran said an imminent agreement with Oman to manage the Strait of Hormuz would not be enough to reopen the vital waterway, unless the US meets a list of conditions. Follow for live updates.
Aug 10 (Reuters) - A look at the day ahead in European and global markets from Wayne Cole. Asian stocks are mostly firmer, following Friday's Wall Street rally, though European share futures are off as oil rises amid much confusion over the Strait of Hormuz.