Trump says US has full control of Strait of Hormuz; Tata Sons chairman to resign

Headline news for August 13, 2026: US President Donald Trump said the United States is in full control of the Strait of Hormuz, while Iran says no progress in talks to revive the interim agreement. Tata Sons’ Chairman N. Chandrasekaran to step down in February next year.

US inflation data remained unchanged, increasing 0.1% largely contained in July.

Synopsis: A round up of global headlines to start your day by The Business Times. 

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