Description:
Nima Alkhorshid says the Wall Street Journal and Kpler claim that 23 million barrels of crude oil are flowing through the Strait of Hormuz every 24 hours. Patrick Henningsen says he finds a return to pre-war volumes impossible, calls the figure likely disinformation ahead of the US elections, and says a Brent futures price near $108 a barrel is well below the $150 to $200 he says it costs to move a barrel from the dock into a refinery.