Commodities
Iran Denies US Ship Strike in Strait of Hormuz
A US ship was reportedly struck by Iran in the Strait of Hormuz, according to Tehran's claim. However, the US military has denied this, labeling it a 'total lie.'
The alleged attack occurred on September 6, 2026, just a day after the US military said it had struck three Iranian oil tankers in response to Navy warships being targeted with ballistic missiles.
US Energy Secretary Chris Wright stated that an average of 9 million barrels of oil per day pass through the strait, which should help alleviate pressure on energy prices. However, these flows rely heavily on the presence of the US Navy to provide protection against possible Iranian attacks.