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Line chart of WTI crude front-month futures rising to a September 15 peak, then falling into September 18, 2026.

WTI crude surged in late August and early September 2026 on concerns about shipping through the Strait of Hormuz, peaking on September 15 before diplomatic signals began to emerge. The decline has been driven by hopes of renewed US-Iran talks and by Saudi Arabia preparing to restart its East-West pipeline, which bypasses Hormuz entirely. Because the underlying dispute remains unresolved, the unwinding of the risk premium reflects expectations rather than a confirmed change.

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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