Fri, Aug 7 03:05 PM

Oil rises as Iran's draft plan sees U.S. and Israel banned from Strait of Hormuz

CNBC•Fri, Aug 7, 2026, 05:27 AM•2 min read

News of Iran's restrictive draft plan for the Strait of Hormuz sent oil prices higher, renewing concerns over supply disruptions.

Source: [CNBC](https://www.cnbc.com/2026/08/07/oil-rises-supply-fears-iran-draft-plan-strait-hormuz.html)

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