Video: US-Iran Exchange Fire, Trump Assures Negotiations Continue

The United States and Iran have once again become embroiled in an exchange of fire in the Strait of Hormuz area, which is a vital route for global oil trade. Both countries are accusing each other of provoking the attack, worsening the situation of the previously fragile ceasefire. US President Donald Trump told several journalists that the United States is still negotiating with Iran amid the new exchange of fire between the two countries. Trump stated that the ceasefire with Iran remains in place. For more details, see the CNBC Indonesia Power Lunch programme (Friday, 08/05/2026) below.