From the outset of this campaign, Iran’s political calculus depended heavily on economic coercion. Hardline strategists in Tehran openly targeted a global oil price spike to $200. They believed that energy market panic would quickly break Washington’s overall political resolve. Instead, global crude prices remain comfortably and consistently below $100 per barrel. More importantly, commercial maritime traffic through the Strait of Hormuz has steadily recovered recently. By late August, daily oil flows reached nearly 17 million barrels exiting smoothly. This volume approaches pre-war norms of around 20 million barrels per day.

https://www.middleeastmonitor.com/20260905-tehrans-dangerous-illusion-of-control/?amp

35 minutes ago, 3NUMBAS said:

From the outset of this campaign, Iran’s political calculus depended heavily on economic coercion. Hardline strategists in Tehran openly targeted a global oil price spike to $200. They believed that energy market panic would quickly break Washington’s overall political resolve. Instead, global crude prices remain comfortably and consistently below $100 per barrel. More importantly, commercial maritime traffic through the Strait of Hormuz has steadily recovered recently. By late August, daily oil flows reached nearly 17 million barrels exiting smoothly. This volume approaches pre-war norms of around 20 million barrels per day.

https://www.middleeastmonitor.com/20260905-tehrans-dangerous-illusion-of-control/?amp

Over the last few weeks, oil transit through the Strait of Hormuz has collapsed to single‑digit numbers of tankers per day, implying well under 1–2 million barrels/day, compared with the pre‑war ~18–21 million barrels/day