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Source: https://abcnews.com/US/wireStory/gulf-nations-found-ways-oil-flowing-iran-war-136708375
Gulf Nations Have Found Ways to Keep Oil Flowing
(AP-ABC News) David McHugh - When Iran shut down the Strait of Hormuz at the start of the war, many feared that prices would skyrocket, cratering the world economy. Instead, nearly seven months on, oil is expensive but not exorbitant. That's because Saudi Arabia and other Gulf producers quickly found alternative routes and reached for unused pipeline capacity. When Iran and its allies targeted those, the oil exporters and the U.S. military found other workarounds for the workarounds. With oil now at around $100 a barrel - higher than before the war but not as bad as feared - Iran has diminished leverage, while a U.S. naval blockade and tightened sanctions smother its economy.