U.S. Support Blunts Iran's Strait of Hormuz Pressure as Tehran's Economy Strains
Efforts by Iran to squeeze global oil markets by constricting traffic through the Strait of Hormuz have lost momentum as the U.S. has enabled Gulf producers to maintain substantial exports. Despite ongoing attacks and a U.S. naval blockade that began in July, large volumes of crude continue to move through Hormuz and adjacent ports, while Iran face…