SITREP: October 7, 2026
The United States and Iran described two different waterways on Wednesday. United States Central Command said in a post on X that traffic was crossing the Strait of Hormuz carrying commercial goods and energy supplies, “including 20 million barrels of crude oil,” and that “the United States and regional partners clearly control the strait.” Mohammad Reza Naghdi, a senior adviser to the Revolutionary Guards commander-in-chief, said the same day that the strait “is closed, and the armed forces have full control over it,” and that it would stay closed until Iran’s demands were satisfied. Both statements carry the date October 7, and they cannot both describe the same water. Crude was up on the day: the front month for West Texas Intermediate stood at $89.10, up 0.93 percent, as of 8:31 p.m. Eastern. ...