Iran's Oil Export Challenges Amid Strait of Hormuz Disruptions

Iran's parliament speaker has indicated that Tehran retains unused supply levers as oil exports through the Strait of Hormuz remain significantly below normal levels, at about 95% less than usual. According to NS3.AI, data from Goldman Sachs reveals that Gulf crude production has decreased by approximately 14.5 million barrels per day, representing a 57% drop from pre-war levels. Goldman analysts predict that only 70% of the lost supply might be restored within three months following a complete and secure reopening, with 88% potentially returning within six months. U.S. President Donald Trump stated that American producers could mitigate part of the impact as Brent crude prices hover near $100 per barrel.