Market Chatter: Hegseth Urges UK to Host Strait of Hormuz Summit Next Week

MT Newswires Live07-25

Defense Secretary Pete Hegseth urged UK Defense Secretary Wes Streeting to host a summit next week on protecting maritime traffic in the Strait of Hormuz, Bloomberg reported Friday, citing people familiar with the matter.

The report said the US wants the UK to host the meeting and Hegseth would attend, though no final decision has been made.

Bloomberg said the Trump administration has been pressing allies to help reopen the Strait of Hormuz after disruptions to shipping linked to the conflict with Iran, but many countries have been reluctant to participate.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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