CNBC Daily Open: Trump puts 'open' sign on Hormuz. But traffic is barely trickling

U.S. President Donald Trump speaks to reporters before boarding Air Force One on August 14, 2026 at Joint Base Andrews, Maryland. Samuel Corum | Getty Images News | Getty ImagesHello, this is Hui Jie writing to you from Singapore. Welcome to another edition of CNBC's Daily Open.When a store turns its sign to "open," one can freely enter and exit the establishment. But the current state of geopolitics appears to be distorting what being open means.U.S. President Donald Trump claims the Strait of Hormuz is open, yet shipping traffic via the critical energy waterway has hit a three-month low, as vessels come under attack. In other words, when the person putting the open sign is not truly in charge of the establishment, the credibility of the claim comes under scrutiny, deterring entry.What you need to know todayTrump said Tuesday that the Strait of Hormuz was "open and operating," even as he ruled out fresh negotiations with Tehran, following the expiration of a temporary ceasefire.There are no talks or conversations going on, or scheduled, with the Islamic Republic of Iran," the U.S. president wrote on Truth Social. Stalled negotiations have increased uncertainty about the status of ...