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Line chart tracking WTI crude oil's daily price as Strait of Hormuz supply risk eased in late August.

WTI crude has fallen nearly six percent from its August 21 close as reports of talks between Iran and Oman on a temporary Strait of Hormuz maritime corridor eased supply-risk concern in the oil market. The easing risk premium came even as Canada's own currency moved in the opposite direction this week, a divergence tied to a separate trade dispute rather than to oil prices themselves. The Hormuz talks remain unconfirmed and preliminary.

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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