Iran has NO LEVERAGE as pressure mounts, ex-energy official warns

• Total average oil flow through the Strait of Hormuz is estimated at 15 million barrels per day (bpd), combining direct passage and alternative pipelines.
• U.S. sanctions have effectively blocked all oil shipments into Iranian ports, leading to massive inflation and currency devaluation in Iran.
• The U.S. is producing and exporting significant amounts of oil (around 14-20 million bpd including distillates), asserting its role in stabilizing global oil markets and reducing reliance on traditional OPEC suppliers.

The discussion centers on global oil flow through the Strait of Hormuz and the impact of U.S. economic pressure on Iran. Speakers highlight that 15 million barrels per day (bpd) flow through Hormuz, with an additional 5-7 million bpd via pipelines, and emphasize that U.S. sanctions have halted oil shipments to Iranian ports, causing severe economic distress in Iran. The U.S. is positioned as a dominant force in global oil production, capable of 'replacing OPEC'.