US reinstates naval blockade on Iran, causing oil prices to rise. Normal traffic in the Strait of Hormuz by August 31 at 10.5% YES.

Iran closes the Strait of Hormuz, disrupting global oil supply. Traffic returning to normal by August 31 at 16.5% YES.

Iran closed the Strait of Hormuz, causing oil prices to surge 5%. WTI reaching $130 by July 2026 is at 0.7% YES.