Iran says the Strait of Hormuz is shut down. The Trump administration says 9 million barrels a day are still getting out | Fortune0

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• August 15, 2026

The U.S. and Iran remain deadlocked over reopening the Strait of Hormuz as each side tries to see how long the other can hold out, and signs of significant oil flows out of the Persian Gulf indicate President Donald Trump is betting he has additional leeway. In the past week, the administration has pushed back