Iran maintains control of Strait of Hormuz despite oil flows
Despite oil flows reaching about 16.5 million barrels per day, the Strait of Hormuz remains under Iran's control. Tehran insists it will only reopen the strait after the United States fulfills seven specific conditions, and it continues to target vessels that do not comply. The United States, on the other hand, affirms that the passage is open for navigation. However, a recent analysis has shown that large amounts of oil are now being transported via alternative routes, and Iran's capacity to disrupt maritime traffic through the strait has diminished. There is ongoing reliance on alternative transportation methods, such as transferring oil between tankers in the Gulf of Oman, despite their high costs, amid soaring global fuel prices—particularly diesel—due to challenges in the refining sector and high shipping expenses. Meanwhile, reports suggest that reopening the strait could be possible within seven days if Washington agrees to Iran's conditions, amidst continued military and diplomatic tensions in the region.
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