Iran Oil Exports Collapse as Hormuz Disruption Enters Seventh Month

U.S.-Iran war enters seventh month with Strait of Hormuz shipping still disrupted, pushing oil toward $100/bbl. Iranian exports have collapsed under intensified U.S. pressure, while other Gulf producers recover to ~2/3 of pre-war levels via dark transits and STS transfers outside the strait. Uncertainty remains over duration of standoff and full impact on global supply.