Geopolitics8 September 2026
Gulf states defend US airbases from Iran as Trump proposes renaming Hormuz Strait
via CNBC
Kuwait and other Gulf nations faced attacks on US airbases amid Iran tensions. Trump suggested renaming the Strait of Hormuz to Trump Strait and claimed attacks would not last long. Escalation in the Gulf threatens oil supply routes, supporting crude prices and potentially increasing volatility in indices, FX, and energy markets.
Original source
CNBC
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