‘Only real leverage’: Iran unlikely to reopen Strait of Hormuz anytime soon, claims US intelligence report

[ad_1] Recent US intelligence reports indicate Iran is unlikely to reopen the Strait of Hormuz anytime soon, as control of the key oil chokepoint remains its main leverage against the United States, Reuters reported. Tehran, which controls one side of the strait, has effectively blockaded the route in response to U.S.-Israel strikes that triggered the […]

Iran’s oil revenue soars as others struggle due to Strait of Hormuz crisis; how much is it earning daily?

[ad_1] Iran is benefitting twofold from the sale of oil amid rising prices since the start of the war as it is the only country to transit the Strait of Hormuz. Tehran is estimated to have generated roughly $139 million per day from sales of this key blend so far in March, up from about […]