The U.S. dollar surged as tensions rose with the closure of the Strait of Hormuz. Iran charging Hormuz fees by August 31 at 42% YES.

Iran closes the Strait of Hormuz amid US tensions. Traffic normalization by August 31 at 19.5% YES.

Iran closes the Strait of Hormuz, causing oil prices to surge. WTI reaching $110 in July 2026 at 1.7% YES.

By Barbara Kollmeyer and Mike Murphy