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

US President Donald Trump said negotiations between Iran and Oman over the Strait of Hormuz are “moving along,” even after some Iranian lawmakers said they would seek to bar American and Israeli ships from the waterway as part of the deal.

Treasuries were steady after the 10-year yield climbed seven basis points during the US session as higher oil prices revived concerns that the Federal Reserve may need to keep interest rates elevated. The dollar held gains after posting its biggest advance in two weeks during the New York session, while gold rose more than 1.4% to approach $4,300 an ounce.

The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards and Lizzy Burden.

Chapters:
00:00:00 - The Opening Trade
00:00:39 - Market Check
00:02:04 - Iran Seeks to Bar Israeli, US Ships from Hormuz
00:04:25 - Bonds Fall on Inflation Concerns
00:06:54 - Alphabet Bond Offering
00:12:47 - Oil Price, Brent Crude Levels
00:24:31 - Bond Market Check
00:28:41 - Yen Intervention
00:35:52 - Sequoia Capital's Patrick Grady on Leopold Aschenbrenner
00:47:04 - Stocks to Watch: Daimler Truck
01:00:45 - Monte Paschi Earnings
01:13:48 - US Sells Euros for Yen
01:19:56 - Appetite for UK Investment
01:27:05 - Europe Grapples Extreme Weather
01:31:15 - Houthis Attack Saudi-Backed Forces in Yemen
01:33:36 - Oil Volatility