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Based upon oil flows Hormuz were 15-20% open at 3 to 4 mbpd last month (May) but yesterday 17 mbpd. This means Hormuz was 85% open. 17 mbpd is 85% of 20 mbpd. It was 20% open with complete opposition from Iran. And now it is 85% open. The ships know they are getting through. … Read more
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