US-Iran Strikes Shift to Direct Targeting of Hormuz Oil Ships

On September 7, 2026, US and Iranian strikes hit oil vessels transiting the Strait of Hormuz, the world's busiest oil chokepoint. Roughly 17 million barrels daily pass through it. Brent crude rose 0.54% to $96.80. The April 8 ceasefire has not held. No de-escalation mechanism is in place.