Oil Flows Out of Middle East Increase
9 Articles
9 Articles
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).
Oil exports from the Middle East have rebounded sharply after the war in February led to widespread disruptions in shipping through the Strait of Hormuz. According to Kpler, oil deliveries through Hormuz and alternative routes last week rose to nearly 80 percent of pre-war levels. Losing leverage Overall, crude oil exports from major producers such as Saudi Arabia, Iraq and […] The post Increased oil exports through Hormuz could weaken Iran's le…
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