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How the US and Middle East allies flipped the oil script on Iran

CNN · August 23, 2026 · Week 2026-34

Summary

The US military, in cooperation with key Middle Eastern allies, has secured the passage of 660 million barrels of oil through the Strait of Hormuz since May. This demonstrates a successful strategy to neutralize Iranian threats to the critical chokepoint, ensuring the continued flow of Gulf energy exports to global markets despite high regional tensions.

Strategic Implication

This coordinated military presence reduces the geopolitical risk premium on crude oil prices by ensuring the world's most critical energy chokepoint remains open.

UAESaudi ArabiaQatarKuwaitIraq
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