Strait of Hormuz still a source of leverage for Iran

Iranian attacks on commercial shipping in the Strait of Hormuz have reduced transits by 65% compared to pre-war levels, despite a recent 17% weekly increase. While crude oil exports have largely recovered, refined product shipments have halved. Average freight rates for tankers carrying crude to East Asia have risen twelvefold, reaching $37.13 per barrel, significantly increasing costs for importers.

Source: Strait of Hormuz still a source of leverage for Iran — Deutsche Welle

A daily AI-made news meme from Jester · Nov 9, 2026.

Topics: straitofhormuz · iran · geopolitics · oil · shipping · middleeast