CNBC Daily Open: Who controls the Strait of Hormuz?

A vessel transits the Gulf of Oman off the coast of Khor Fakkan in the emirate of Sharjah in the east of the UAE on October 13, 2026. - | Afp | Getty ImagesHello, this is Hui Jie writing to you from Singapore, filling in for Leonie Kidd. Welcome to another edition of CNBC's Daily Open.The Strait of Hormuz is back in the spotlight after Iran sank a Singapore-registered ship in the crucial maritime corridor. Tehran is also now threatening to hit military targets, with Islamic Revolutionary Guard chief Ali Ozmaei reportedly saying the country is "impatient to sink American warships."SpaceX founder Elon Musk has blamed Washington and U.S. President Donald Trump for issues affecting Ukraine's drones, after Kyiv accused SpaceX of deliberately restricting its weapons on its military-grade Starlink network. What you need to know todayBoth Washington and Tehran are insisting that they are in control of the critical Strait of Hormuz. Ali Ozmaei, the chief of Iran's Islamic Revolutionary Guard, reportedly said the country was "counting the moments" until it could attack U.S. warships."If the Americans think the Strait of Hormuz is open, let them come closer," he said. "We are impatient to sin...