Iran War Update: Trump Says Oman Hasn’t Behaved Very Well (Q&A)

Watch on YouTube ↗  |  August 17, 2026 at 20:49  |  26:40  |  Bloomberg Markets
Speakers
Donald Trump — President of the United States

Summary

The video is an Oval Office Q&A with President Trump. He discusses a lifeguard rescue, then takes questions on Iran, Oman, the Strait of Hormuz, oil trade, North Korea, South Korea defense payments, UK North Sea energy, and the White House ballroom. Market-relevant comments include his view that oil prices are falling because the Hormuz oil trade is open and his prediction that opening the North Sea would make the UK rich.

  • Trump honors a young lifeguard and comments on lifeguard safety and recognition.
  • He says Oman has not behaved well but can be handled easily.
  • He argues the Strait of Hormuz blockade is effective, oil trade is open and oil prices should keep falling.
  • He says Iran cannot have a nuclear weapon and calls Iran economically broken with 300% inflation.
  • He describes North Korea outreach as positive and complains about South Korea not paying enough for US protection.
  • He predicts opening the North Sea would make the UK rich and solve its energy problem.
  • He defends the White House ballroom/military complex and highlights DC crime reduction.
Ideas
Donald Trump President of the United States 20:17
UK gets rich from North Sea.
Trump says he believes the UK Prime Minister will open up the North Sea for energy development, which would solve the UK's energy problem and make the UK rich again because the North Sea is one of the great energy finds in the world.
Donald Trump President of the United States 26:06
Oil prices falling on open supply.
Trump argues the US blockade and control of the Strait of Hormuz are keeping oil trade open, with millions of barrels a week being taken out; as a result oil prices are falling and should continue to fall unless the US chooses a far more drastic action. He adds that Iran is in big trouble with 300% inflation and a defeated military.
Up Next

This Bloomberg Markets video, published August 17, 2026, features Donald Trump discussing EWU, WTI. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Donald Trump  · Tickers: EWU, WTI