Iran plans a new restricted shipping zone near Hormuz
Iran says the zone will cover an area outside the Strait and that vessels violating Iranian transit requirements could face sanctions.
September 7 — Hormuz traffic is already falling
Reuters reported tanker traffic through Hormuz had fallen to roughly 10 ships per day, while Brent climbed toward $97 after the latest fighting.
September 7 — UAE starts building alternatives to Hormuz
The UAE is expanding ports, pipelines and alternative trade routes specifically to reduce dependence on Hormuz. That’s a sign Gulf governments are already planning around prolonged disruption.
Diesel becomes the inflation problem
https://www.reuters.com/world/china/global-markets-view-europe-2026-09-07/
Reuters is now calling diesel the “real spoiler” for U.S. inflation ahead of Friday’s CPI. Brent was around $96.85 and U.S. crude around $92.10.