President Trump’s Energy Secretary Chris Wright made an important announcement this morning about the Strait of Hormuz, namely that upgraded pipelines are now bringing a ton of oil out of the Arabian Peninsula. Here’s what he wrote:Thanks to the coordinated efforts of the U.S. military and our gulf allies, the seven-day average for oil leaving the Strait of Hormuz is currently up to almost 9 million barrels per day. When combined with the additional 5-7 million barrels per day leaving the region via newly upgraded pipelines and export facilities, total oil flows are currently averaging approximately 15 million barrels per day. On Sunday alone, over 20 million barrels left the Arabian gulf region, which is above the pre-conflict average. Thanks to the coordinated efforts of the U.S. military and our gulf allies, the seven-day average for oil leaving the Strait of Hormuz is currently up to almost 9 million barrels per day.