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Line chart of WTI crude oil prices, August 31 to September 24, 2026, peaking above $100 on September 10 before easing.

Iran offered to reopen the Strait of Hormuz within days if US military pressure eases, but markets treated it as a conditional proposal in a conflict where earlier deadlines were missed. Independent shipping trackers put actual traffic far below official claims, so a steady price may reflect hope more than restored supply. Canadian energy stocks trade on whether the talks turn into physical flows through the strait.

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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