Hormuz Traffic Stays Low as Oil Stockpiles Shrink
Shipping through the Strait of Hormuz remains dramatically below normal levels, forcing the global energy market to rely heavily on existing oil inventories.
At the same time, an Iranian military adviser has suggested Tehran could pursue a prolonged conflict with the United States, potentially stretching the confrontation until Donald Trump leaves office.
That comment does not necessarily represent a formal Iranian government policy, but it highlights the risk that the conflict could become a long-term war of economic and military endurance.
For the rest of the world, the stakes are enormous. Continued disruption around Hormuz could put more pressure on oil supplies, fuel costs, international shipping and inflation.
Could the global economy withstand years of disruption in one of the world's most important energy corridors?
