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Trita Parsi notes only about a third of Strait of Hormuz traffic is running, and the US strategic oil reserve is not being filled as hoped.
Saagar notes US strategic petroleum reserves are critically low at around 90 million barrels, complicating the response to Strait of Hormuz disruptions.
The core dispute over the Strait of Hormuz involves Iran's demand for coordinated passage versus US insistence on free passage without coordination. Iran views control of the strait as its ultimate leverage in the war.
Citi Bank analysts report crude oil shipments through the Strait of Hormuz have recovered to 7 million barrels per day, up from near zero during conflict, but still below the pre-war 20-21 million bpd total.
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