Oil rises amid supply disruption fears following Iran's restrictive draft plan for the Strait of Hormuz

News of Iran's restrictive draft plan for the Strait of Hormuz sent oil prices higher, renewing concerns over supply disruptions.

# Oil rises amid supply disruption fears following Iran's restrictive draft plan for the Strait of Hormuz News of Iran's restrictive draft plan for the Strait of Hormuz sent oil prices higher, renewing concerns over supply disruptions. **Read the full article:** [CNBC](https://www.cnbc.com/2026/08/07/oil-rises-supply-fears-iran-draft-plan-strait-hormuz.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*