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Trump says Iran will be 'hit very hard' if Hormuz Strait not open soon as oil prices fall

Trade Hub UK briefing (2026-08-05): US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent both announced talks had progressed to allow shipments to resume. Primary source: original at BBC Business (bbc.co.uk).

By BBC Business

Trump says Iran will be 'hit very hard' if Hormuz Strait not open soon as oil prices fall

US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent both announced talks had progressed to allow shipments to resume.

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Source: BBC Business