US Sees 10 Million Barrels Via Hormuz Sapping Iran Oil Leverage
Commercial shipping through the Strait of Hormuz has surged to over 10 million barrels per day with US military support, following an interim peace agreement between the US and Iran, though the corridor remains volatile amid drone attacks on vessels and ongoing negotiations over Iran's potential imposition of transit fees. The situation poses continued risks of disruption to one of the world's most critical maritime chokepoints, which historically handles about a fifth of global oil and LNG supplies.