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?