A tiny oil lifeline reopens through tense Hormuz after months of chokehold

Following the blockade of the Strait of Hormuz, which has disrupted global supply by 1 billion barrels of oil, four oil tankers have been exporting around 2 million barrels per day since May 10. With Iranian oil exports plummeting due to the US blockade, shipments from other countries have increased. China’s ships are now passing through, marking a limited reopening.