CNBC Daily Open: Trump’s Strait of Hormuz claim meets crude reality


Source: cnbc.com cnbc.com
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Hello, this is Hui Jie writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open. U.S. President Donald Trump has claimed that the U.S. Navy has “100%” control of the Strait of Hormuz — investors aren’t so sure. Oil prices have continued to climb, with both U.S. crude and international benchmark Brent up by around 2% in early trading. Over in Asia, chip giant Nvidia is eyeing the possibility of turning its artificial intelligence chips into Wall Street’s newest asset class, partnering with an all-star cast of six U.S. asset managers. “It’s open now,” President Donald Trump…

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