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U.S. Navy seizes Hormuz; transits plunge to nine vessels

8/20/2026

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Summary

Story summary

The U.S. Navy took control of the Strait of Hormuz on August 12, cutting transits to eight vessels.
By August 15, only nine vessels crossed, far below the pre-conflict 130-140 daily average.
Energy Secretary Chris Wright said oil transits and reroutes total about 15 million barrels per day, pushing Brent to near $90 a barrel, up 24 %.
Oman and Iran are negotiating a revenue-sharing deal for vessels, separate from reopening the waterway.

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Story summary

The U.S. Navy took control of the Strait of Hormuz on August 12, cutting transits to eight vessels.
By August 15, only nine vessels crossed, far below the pre-conflict 130-140 daily average.
Energy Secretary Chris Wright said oil transits and reroutes total about 15 million barrels per day, pushing Brent to near $90 a barrel, up 24 %.
Oman and Iran are negotiating a revenue-sharing deal for vessels, separate from reopening the waterway.