CNBC Daily Open: 'Trump Strait', losing streak snapped and bilateral diplomacy

A drone view shows vessels in the Strait of Hormuz, as seen from Musandam, Oman, June 15, 2026. Stringer | ReutersHello, this is Leonie Kidd coming to you from London. "What's in a name?"Shakespeare's Juliet hoped a name was just an arbitrary label in her love story with Romeo, but when it comes to renaming monuments, lakes or even parts of other countries, a name becomes much more politically charged. Read on for more.What you need to know todayKuwait has joined a lengthening list of Gulf countries having to defend themselves from a resurgence in attacks from Iran. Kuwait's army said its air defence systems were targeting hostile missile and drone attacks. Iranian state media reported that these strikes were aimed at U.S. bases in the country.Over recent days, Jordan and Bahrain have also been hit.Earlier on Wednesday, President Donald Trump told reporters, "I don't think it will [war] be very much longer ... I don't know how much more they [Iran] can take," describing the American strikes against Iran on Tuesday as a "very heavy attack," adding that the U.S. was prepared for further military operations "any time we want."Another day, another name change"Now that we have it under ...