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Bloomberg This Weekend | Trump Calls Iran “Small Potatoes”, US Envoys in Russia

05 SEP 2026 · 12:22 ET·2:25:27·15.5K VIEWS·1.4× USUAL PACE

President Trump downplayed the conflict in Iran, referring to it as a "military conflict" and "small potatoes" compared to past wars, despite months of fighting, American deaths, and significant costs. He also claimed the US controls the Strait of Hormuz and is taking out a lot of oil.

WHY IT MATTERS

Trump's comments and claims about US control in the Strait of Hormuz come amidst rising oil prices and continued military escalation in the region, potentially impacting global energy markets and the geopolitical landscape.

ALSO DISCUSSED

The episode also covers Jared Kushner and Steve Witkoff's visit to Moscow for Russia-Ukraine peace talks, record-high diesel prices, Apple's upcoming product releases and AI strategy, OpenAI's new GPT-6 Astra model and its cybersecurity features, and the August jobs report.

DONALD TRUMP IRAN STRAIT OF HORMUZ MIDDLE EAST CONFLICT US FOREIGN POLICY

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