Iran's leverage amid Strait oil flow
According to data from Kepler, last week’s oil flow through the Strait of Hormuz reached approximately 13.1 million barrels per day, following U.S. Navy efforts to secure the passage of significant quantities. However, this level remains below 80% of the pre-war levels recorded before the start of the conflict with Iran in February, due to Gulf efforts to boost flows through covert transfer operations and route changes. Despite ongoing Iranian threats and attacks on oil tankers, the situation remains unsustainable, with global inventories declining and prices rising. Iran continues to threaten severe retaliation against any aggression or threats to the strategic strait.
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