Strait of Hormuz Sees Loosened Iranian Grip Amid Protracted Conflict

Summary

While the US has loosened Iran's control over the Strait of Hormuz and significantly reduced its oil exports, the conflict launched in February is far from over, with both sides facing high costs and no clear end in sight. Despite economic pressure, Iran shows no signs of backing down and continues to escalate, while Houthi attacks push oil prices higher.