September WTI Crude Oil futures climbed toward their highest close since June 11, marking a fourth cycle high in six sessions. Regional conflict in the Middle East has intensified, elevating risks around critical energy choke points including the Strait of Hormuz and the Red Sea. Shipping data from Lloyd's List Intelligence reveals that weekly vessel traffic through the Strait of Hormuz dropped 66%, with total energy flows estimated at roughly 15% of pre-conflict levels. As ship owners prepare for potential long-term disruptions, supply shock concerns continue to support crude oil prices.