Oil flows through the Strait of Hormuz are now near pre-war levels.Exports out of the Persian Gulf topped 14 MILLION barrels per day last week for the first time since the Iran war began — up more than 210% from lows in March.Crude exports have now recovered to around 80% of pre-war levels as the U.S. military reopens and secures shipping through the Strait of Hormuz.This is exactly what we need for gas prices to drop.
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