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Line chart of WTI crude oil prices, September 8 to 24, 2026, falling from a September 10 peak above $100.

Commercial traffic through the Strait of Hormuz remains a small fraction of its pre-crisis level, yet crude has eased well below its September peak, suggesting traders assume workarounds and diplomacy will hold. Independent shipping counts and official US figures differ widely, so a repricing is possible if the lower counts prove accurate. Canadian energy earnings estimates and central bank inflation forecasts now assume oil stays near current levels.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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