BlockBeats message: On May 3, U.S. Treasury Secretary Bessent said that oil prices should fall significantly after the war. The futures market predicts that oil prices will decline. It is not surprising that more ships will pass through the Strait of Hormuz.
Iran has achieved little success in trying to impose transit fees on ships. The United States’ current energy exports have reached a record level; the only factor limiting U.S. energy exports is infrastructure. The United States is the “big winner” in the energy market.
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