Oil prices fall after U.S. Energy secretary says Hormuz ship traffic is increasing

President Donald Trump has repeatedly said a deal with Tehran to reopen Hormuz is close, but such an agreement still has not materialized.

# Oil prices fall after U.S. Energy secretary says Hormuz ship traffic is increasing President Donald Trump has repeatedly said a deal with Tehran to reopen Hormuz is close, but such an agreement still has not materialized. **Read the full article:** [CNBC](https://www.cnbc.com/2026/06/09/oil-prices-iran-war-strait-hormuz-trump-israel-lebanon.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*