I am not buying the narrative that #iran / #irgc is losing its grip on #StraitOfHormuz . #crude oil might be flowing to almost pre-war levels (who knows!), but that brings little to nothing to the actual chock point which is refinery capacities as evidenced by rising #diesel prices. note that no refined products, LNG ...etc are leaving #Hormuz . I guess iran is giving good gesture, and can be an off-ramp for #trump