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Iran Is Losing Some of Its Leverage Over the Strait of Hormuz
Persian Gulf crude exports have returned to roughly prewar levels outside Iran as producers increasingly rely on pipelines, tanker transfers, and military-protected Hormuz crossings, reducing Iran’s leverage over the strategic waterway
The flow of crude from the Persian Gulf has recovered to near-prewar levels, but the latest data shows that much of the oil is reaching markets through routes and shipping arrangements that did not exist before the war, raising the question of whethe... [4502 chars]
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