Trump Takes Hard Line on Iran With Control of Hormuz in Limbo

The segment covers the expired US-Iran truce and Trump's refusal to extend it, leaving the Strait of Hormuz in limbo under a US naval blockade while Iran still tries to assert control. It also discusses parallel Gaza ceasefire talks and Israeli election risk. The main market implication is disrupted oil flows through the Strait of Hormuz. - Trump says the US controls the blockade and will not revive the Iran truce. - The June ceasefire is described as effectively meaningless, with the nuclear component still unresolved. - Side talks on a mechanism for a trickle of oil through the Strait of Hormuz are said to be in final stages. - UK Navy reported a projectile hitting a vessel, and a fuel tanker stopped near an Iranian island. - Oil is not moving normally, with US-controlled barrels far below pre-war levels. - Gaza ceasefire remains stuck over Hamas disarmament versus Israeli troop withdrawal. - Israeli elections are looming and Trump may endorse a candidate, adding political uncertainty.