It is unclear how long the recovery can be sustained given that it relies on U.S. Crude oil exports from the Strait of Hormuz have basically returned to levels normal before the Iran war, as U.S. Key points and original sources are listed below.

• It is unclear how long the recovery can be sustained given that it relies on U.S. military protecting tankers in the Persian Gulf.S1

• Crude oil exports from the Strait of Hormuz have basically returned to levels normal before the Iran war, as U.S.S2