U.S. Vice President JD Vance says tensions in the Strait of Hormuz may be easing after Iran reportedly avoided targeting ships for a second consecutive night. According to Vance, a record 12.5 million barrels of oil passed through the crucial waterway overnight, while oil prices dropped close to pre-conflict levels. Gas prices in the United States also fell below $4 per gallon, fueling optimism that global energy markets are stabilizing despite ongoing regional tensions.
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