Iran leverages conflict from the Strait of Hormuz to the Red Sea, using Houthis, oil prices and shipping chokepoints to pressure the US and its Gulf allies.

Iran's grip on the vital Strait of Hormuz shipping lanes over the past few months has massively increased its leverage in the ongoing conflict with the US.

US has restricted Iran's oil exports and loosened its Strait of Hormuz control. This ongoing conflict, however, is nowhere near resolution and its costs are only rising. Iran's…