Crude oil prices rise as Iran plans to ban US and Israeli ships from the Strait of Hormuz, impacting global markets.

Crude oil prices rose Thursday after Iranian state news published a draft plan with restrictive conditions for ship traffic in the Strait of Hormuz.

Iran considers blocking US and Israeli ships in Hormuz, causing oil prices to rise. US charges in Hormuz by August at 1.8% YES, December at 8.5% YES.