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Reason
Reason
Matthew Petti

The Trump Administration's Hormuz Oil Numbers Don't Add Up

The Trump administration is making an extraordinary claim about the Strait of Hormuz. "On Sunday alone, over 20 million barrels left the Arabian gulf region, which is above the pre-conflict average," Secretary of Energy Chris Wright wrote on Tuesday on X. While Wright placed the current average at a more modest 15 million barrels per day, the implication was clear: The war with Iran isn't going to hurt Americans' pocketbooks any more, and the situation might even be better than before.

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