Persian Gulf Oil Flows Return to Prewar Levels, but Iran Could Resort to a ‘Scorched Earth Campaign’
4 Articles
4 Articles
A new wave of attacks on ships in the Strait of Hormuz threatens the restoration of oil exports in the Middle East. The threat came at a time when oil producers in the Persian Gulf returned supplies to pre-war levels, writes The Wall Street Journal. The rapid recovery in supplies in recent weeks was ensured by the US Navy's protection, as well as by previous strikes that disabled Iranian radars and communication systems along the strait.The UAE …
Persian Gulf oil flows return to prewar levels, but Iran could resort to a ‘scorched earth campaign’ as U.S. deploys more ships and Marines to Mideast
Iran is losing leverage over the Strait of Hormuz as oil exports recover under the protection of the U.S. military, but the Islamic Republic is unlikely to stand by and watch while its own economy crumbles. This past week, JPMorgan said Middle East crude exports reached about 17.5 million barrels…
Persian Gulf oil flows return to prewar levels, but Iran could resort to a ‘scorched earth campaign’
Iran is losing leverage over the Strait of Hormuz as oil exports recover under the protection of the U.S. military, but the Islamic Republic is unlikely to stand by and watch while its own economy crumbles. This past week, JPMorgan said Middle East crude exports reached about 17.5 million barrels per day, or 98% of […]
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