US Sees 10 Million Barrels Via Hormuz Sapping Iran Oil Leverage

(Bloomberg) —

Commercial shipping through the Strait of Hormuz has surged over the past few weeks, with American military support helping boost oil flows to more than 10 million barrels per day, a US official said. 

The increase since President Donald Trump signed an interim peace agreement with Iran represents a big jump in traffic since the war paralyzed flows. That has caught Tehran off guard, underscoring its now-limited ability to halt traffic through the corridor and helping spark recent attacks around the strait, said the official, who requested anonymity to describe internal thinking.

The Islamic Republic seized leverage by