Crude exports through the Strait of Hormuz dropped to 2.2 million barrels per day last week from 8.5 million a month earlier and roughly 20 million before the current conflict. Iran, via newly appointed Supreme National Security Council secretary Mohsen Rezaei, has linked reopening the strait to financial relief, limits on US and Israeli naval presence, and an end to regional wars. Washington has rejected any Iranian restrictions on shipping, and negotiations remain stalled.