U.S. Intel Warns Iran Has No Incentive to Reopen Hormuz as Oil Leverage Grows

By Jonathan Landay, Erin Banco and Phil Stewart

WASHINGTON, April 3 (Reuters) – Recent U.S. intelligence reports warn that Iran is unlikely to open the Strait of Hormuz any time soon because its grip on the world’s most vital oil artery provides the only real leverage it has over the United States, according to three sources familiar with the matter.

The finding suggests that Tehran could continue to throttle the strait to keep energy prices high as a means of pressuring U.S. President Donald Trump to find a quick off-ramp to the nearly five-week-long war that remains unpopular with U.S.