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US Vice President JD Vance says that the Islamabad Memorandum of Understanding is “bearing real fruit” during a press briefing at the White House.
“Last night, 12.5 million barrels of oil went through the Strait of Hormuz, that is a high since the beginning of the conflict,” he tells reporters.
“Oil prices are down, nearly at their level from pre-war … gas prices dropped below $4 a gallon today for the first time since the conflict, and importantly, they’re going to keep falling further given how low oil prices are.”
