US Navy escorts push 13.1 million barrels daily through Strait of Hormuz

Iran has lost considerable leverage in the Strait of Hormuz, with Gulf oil producers, backed by the US Navy, moving 13.1 million barrels per day through the chokepoint last week, nearly 80% of pre-war volumes, signaling a major shift in control. This milestone stems from military-escorted "dark" transits and Saudi oil rerouted back from the Red Sea after Houthi attacks, though the US is expending vast resources while global inventories shrink and fuel prices stay near record highs, with Iran ramping up tanker attacks in response. The status quo is unsustainable, as JPMorgan analysts admit they cannot model the endgame, and oil prices remain above $90 a barrel, offering little relief to consumers facing high gas and diesel costs.