Oil Flows Out of Middle East Increase
13 Articles
13 Articles
The US Navy Just Pulled Off a Strategic Master Stroke in the Strait of Hormuz — the World’s Most Important Waterway May Never Be the Same
Oil is moving through and around the Strait of Hormuz again, at close to the rate it did before the war, as the Navy and its Gulf partners get better at pushing tankers past Iranian attacks. But the reprieve may not hold: the president has told staffers he expects the bombing to resume once the midterms are over, and Iran has its own reasons to escalate first.
The Wall Street Journal writes that Iran's grip on the Strait of Hormuz is weakening and Middle Eastern oil exports are showing signs of recovery. At the same time, the risk that Iran may choose the path of military escalation to strengthen its position is growing, and oil prices remain at high levels.
Oil exports from the Middle East are recovering, which relieves the oil market, but weakens Iran's leverage – and increases new risks.
Iran's power to cut off the flow of oil through the Strait of Hormuz and use it as leverage in negotiations with the US is weakening, which increases the risk that the country will resort to military escalation to strengthen its position, writes the American newspaper Wall Street Journal (WSJ).
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