Oil rises as Iran’s draft plan sees U.S. and Israel banned from Strait of Hormuz
u/VictorChristian ·
Reddit — r/investing
· August 07, 2026 at 10:35
· ⬆ 32 pts
· 💬 19 comments
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Doesn’t look like this mess will be tidied up anytime soon...
* Worries over oil supply disruptions continue to linger after Iran published a restrictive draft plan for the Strait of Hormuz.
* According to the apparent draft plan published by Iran, the country would ban U.S. and Israeli ships from transiting the strait.
* Meanwhile, U.S. President Donald Trump said he thinks the war in Iran will end “pretty soon.”
[https://www.cnbc.com/2026/08/07/oil-rises-supply-fears-iran-draft-plan-strait-hormuz.html](https://www.cnbc.com/2026/08/07/oil-rises-supply-fears-iran-draft-plan-strait-hormuz.html)