Iran appears to be letting tankers through on a case-by-case basis as it exploits its newfound leverage over the Mideast Gulf's oil and LNG exports.

Hormuz is now a lot less blocked, with transits becoming more steady and greater in volume... About 2 million barrels a day of oil and related products are now flowing out of the…

Iran appears to be letting tankers through on a case-by-case basis as it exploits its newfound leverage over the Mideast Gulf's oil and LNG exports.