Oil prices continued to rise amid escalating tensions in the Strait of Hormuz. Former President Donald Trump said oil volumes through the strait have nearly recovered to 18 million barrels per day from 20 million before the conflict. U.S. Energy Secretary Jennifer Granholm said current volumes are about 9 million barrels per day. The Islamic Revolutionary Guard Corps (IRGC) said the strait is closed to vessels violating Iran’s navigation rules. Axios reported large volumes, while Reuters noted traffic has dropped to four vessels daily.
September 9, 2026 2.6K 7
