US Energy Secretary Wright says roughly 7mln bpd is getting out of the Gulf today, with US military help
- No Iranian crude is getting out of the Strait.
- If there is no peace deal, US military will restore flow of products through Hormuz.
- Iranian sanction could be partially lifted if an agreement is reached.
- A gas tax holiday over the summer is possible to help reduce gasoline prices.
- Hopes the SPR will be fully refilled.
#GEOPOLITICAL#EU SESSION#US SESSION