THE HORMUZ PICKLE

Trump says the Strait of Hormuz is open but tankers and insurers tell a different story. Steve Swedberg joins Mike to discuss the latest data from Hormuz and what it tells us about future gas prices. SHOW NOTES: 1:06: Why Do Lower Oil Prices Not Guarantee That Hormuz Will Stay Open? 3:20: How Are Gulf Producers Already Turning Away From Hormuz? 4:13: How Do Tankers Still Operate Under High Risk In Hormuz? 5:28: Are Gulf Nations Assuming More Risk To Transport Oil? 6:34: How Is The U.S. Attempting To Lower Risk For Tankers? 10:06: Will Oil Ever Return To "Normal" In The Gulf? 14:00: What Factors Drive Down Oil Prices Since The MOU?