U.S. Intelligence: Iran's Strait of Hormuz Leverage Declines After Six Months of War

U.S. intelligence assessments find Iran's leverage over the Strait of Hormuz — a chokepoint for roughly one-fifth of global oil shipments — is fading after six months of conflict. Iran's economic losses now exceed the disruption it has caused. Oil revenues are down, weapon stockpiles likely depleted. Mediators have floated de-escalation proposals, but no breakthrough has emerged.