WSJ: The U.S. Navy and Gulf oil producers have grown more effective at blocking or evading Iranian attacks, letting more tankers move through the Strait of Hormuz. Iran's abilit…
WSJ: The U.S. Navy and Gulf oil producers have grown more effective at blocking or evading Iranian attacks, letting more tankers move through the Strait of Hormuz. Iran's ability to choke off oil flows, and…
Assessment
The Strait of Hormuz carries a significant share of the world's oil, and Iran's attacks on tankers there have been a persistent threat to supply and prices. If the Navy and Gulf producers are now consistently getting tankers through, Iran loses one of its few concrete bargaining chips in talks with Washington. Watch whether Tehran escalates to restore that leverage, or shifts its posture.