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Iran's Hormuz Control Boosts Oil Exports Amid Regional Crisis

Wall Street Journal Markets •
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Iran is exporting more oil through the Strait of Hormuz than before the war, demonstrating its control over the strategic waterway. While Gulf Arab producers like Saudi Arabia and Iraq cut production and seek alternative routes, Tehran continues normal operations, according to data from tanker-tracking firm Kpler.

This shift represents a significant financial lifeline for Iran as it faces intense pressure from U.S. and Israeli attacks. The tanker Luojiashan's presence in Muscat, Oman, illustrates how Iran exerts control over maritime traffic through the strait. Tehran is allowing its own crude carriers to pass while deterring other regional producers.

The situation creates a stark contrast in the regional oil market. As competitors scramble for new shipping routes that bypass Hormuz, Iran's ability to maintain exports through the strait provides crucial revenue during a period of heightened geopolitical tension. This dynamic underscores Tehran's strategic leverage over global energy markets.