Oil rises as Iran’s draft plan sees U.S. and Israel banned from Strait of Hormuz

Doesn’t look like this mess will be tidied up anytime soon...

* Worries over oil supply disruptions continue to linger after Iran published a restrictive draft plan for the Strait of Hormuz. 
* According to the apparent draft plan published by Iran, the country would ban U.S. and Israeli ships from transiting the strait. 
* Meanwhile, U.S. President Donald Trump said he thinks the war in Iran will end “pretty soon.”

[https://www.cnbc.com/2026/08/07/oil-rises-supply-fears-iran-draft-plan-strait-hormuz.html](https://www.cnbc.com/2026/08/07/oil-rises-supply-fears-iran-draft-plan-strait-hormuz.html)