Traffic through the Strait of Hormuz has dropped sharply even as President Trump said the U.S. "totally" controls the waterway, with Fox News host Bret Baier saying vessel movements have slowed "to a trickle." Baier said 14 vessels passed on Tuesday and eight on Monday, compared with more than 100 a day before the conflict, and noted the disruption is altering the government’s energy outlook. He also cited the International Energy Agency (IEA, global energy watchdog), which said global crude inventories fell by 2.2 million barrels a day in July and projected a global supply deficit of 1.8 million barrels a day in the third quarter, more than double its previous estimate. Iran closed the strait after a nearly two-week tit-for-tat with the U.S., following an earlier reopening under an interim peace deal signed in June. Iranian officials rejected Trump’s claim of control, while trade intelligence company Kpler said 32 ships passed through the strait from Friday to Sunday, including 17 using Iran’s determined transit path. The disruption has fed into global energy prices, with Brent crude below $87 a barrel, West Texas Intermediate just above $81, and the U.S. national average gasoline price rising to $4.07, according to AAA.