GEOPOLITICS | Iran War Strains US Military Endurance

Six months into the US conflict with Iran, oil flows from the Persian Gulf have recovered to about 40% of prewar levels, but the Strait of Hormuz remains constrained and the Navy is under pressure on personnel, equipment and finances, according to Bloomberg. Bloomberg News Economic Statecraft Lead Chris Kennedy and Bloomberg News Defense Reporter Jen Judson discussed the strain on US military readiness on Bloomberg This Weekend and said a new US deal involving Venezuelan oil fields is unlikely to provide a significant near-term boost to global supply.