US military gains control of much of the Strait of Hormuz
Photo: Hümeyra / Pexels
US officials say mines have been cleared and tanker traffic has recovered to roughly half pre-war levels despite continued attacks.
The US military has eroded Iran’s control over the Strait of Hormuz, with American officials saying most of the crucial waterway is now effectively under US control, Axios reported.
The campaign began after Iran deployed mines in the main international shipping lane and threatened tankers during the war. Iranian attacks brought commercial shipping to a standstill and pushed Brent crude as high as $126 a barrel, compared with about $72 before the conflict.
A US task force, working with the United Arab Emirates, has guided ships through the southern channel while providing air cover and intercepting Iranian attacks. Navy divers, SEALs, drones and private contractors have also swept more than 200 mine-like objects from the main lane; US officials said 11 were actual mines.
Traffic through the southern channel has risen to 20 to 30 tankers a night, carrying 9 million to 10 million barrels, or roughly half the pre-war volume. A US official said only 2% of ships transiting the strait in the past month were hit.
The news moving money, markets, and the world—before your day starts.
Daily. Free. Join 34,000+ readers across crypto, finance, and policy.
Oil experts and tanker trackers question whether the official traffic figures are that high, while periodic reports of tankers being struck continue. The US aims to expand the channel by mid-September and restore 60% to 70% of pre-war oil exports.
Regional sources told Axios that Iran has renewed interest in negotiations, although President Donald Trump said he is not interested in meeting and US mediators continue talks through Qatar and other intermediaries.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
More in Politics
See all-
Lummis argues Clarity Act would classify Binance as a covered person
-
Trump says he will review record $6.3 billion Binance hack
-
Crypto Council hands the SEC a 238-page framework for regulating crypto vaults
-
Stellar’s real-world finance focus draws government interest, M1X Global’s Goldman says
-
Winklevoss twins put roughly $26 million behind pro-Trump super PAC this cycle
-
US allows vetted private firms to counter North Korean crypto theft

