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Iran's Grip on Hormuz Loosens as Oil Traffic Rebounds to 80% of Pre-War Levels

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Iran's Grip on Hormuz Loosens as Oil Traffic Rebounds to 80% of Pre-War Levels

Here is what the page “Iran's Grip on Hormuz Loosens as Oil Traffic Rebounds to 80% of Pre-War Levels” contains. Gulf oil producers, with considerable support from the US Navy, are jamming crude through the Strait of Hormuz, right under Iran's nose. Oil and petroleum product flows through the critical chokepoint averaged 13.1 million barrels per day last week, according to Kpler, a marine data tracking service. That's just under 80% of the 17.1 million barrels that had traveled through the strait each day before the war broke out.

"Given such a strong volume passing through the strait, it is clear Iran is losing its grip on the strategic waterway," analysts say. The resurgence in traffic signals that global oil supply routes are adapting despite ongoing tensions. The development is a blow to Iran's efforts to assert control over the strait, a vital artery for global energy. For the complete material, the listing points back to the source inside the network.

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