Iran War Exposes Limits of US Military Endurance

Six months into active conflict between the United States and Iran, Persian Gulf oil production recovered to approximately 40% of prewar output levels, according to Bloomberg reporting. The Strait of Hormuz remains constrained, and the U.S. Navy reported strain on personnel, equipment, and finances. Bloomberg reported that a potential U.S. deal involving Venezuelan oil fields is not expected to significantly increase global oil supply in the near term.

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