The Iran war could last 'deep into 2027' as the Strait of Hormuz isn't that closed, allowing more oil to leak out—but major escalation is likely soon

(Credit: U.S. Navy)

One of the hottest debates in the energy industry right now is how much oil is actually coming out of the Persian Gulf, and the answer could determine how long the Iran war lasts.

Iran insists the Strait of Hormuz is closed and that it has control of the narrow waterway, which saw 20 million barrels of oil a day pass through before the U.S. and Israel started the war.