> President Trump’s Head-Spinning Pivot on an Emergency Oil Release

> In a matter of hours, the White House changed its position and pushed allies to move forward with a massive oil market intervention

> Still, skepticism abounds about whether the 400 million barrel release will be enough to keep prices below $100 a barrel. The size of the release accounts for only about 20 days of shipments through the Strait of Hormuz, officials say.

https://x.com/bopanc/status/2032022506740015162 (author)

> The unprecedented oil release is mostly due to concerns within the Trump administration that the Strait of Hormuz, the narrow Persian Gulf waterway that supplies a fifth of the world’s oil, could be closed for weeks or longer, according to U.S. officials.