Hormuz crude oil exports recover to 80 percent, neutralizing Iran's blockade
As the U.S. Navy and Middle Eastern oil-producing nations establish transport networks bypassing Iran's blockade in the Strait of Hormuz, crude oil exports have recovered to roughly 80 percent of pre-conflict levels, prompting analysis that Iran's strategy of using global energy supplies as leverage to pressure the U.S. is losing steam.
According to The Wal..