When the US carrier group moved into the Yemen area, and the Iranian ships exited, it would seem to me there’s little worry that the straights will now be in danger. We could see price coming down again.
Meanwhile, natural gas is at $2.46, down from $4.00 just a couple of months ago, a huge benefit to the economy.
Uncharacteristically, our Energy Department is now moving to fast-track the export of LNG. Four terminals now have green light, is my understanding.