BREAKING: Total US crude oil and petroleum product exports rose to a record 12.9 million barrels per day last week. Total US oil exports have surged +2.5 million barrels per day since the Iran War began. US oil product exports alone surged to 8.1 million barrels per day, the highest on record. Crude oil and petroleum product exports have DOUBLED since January 2022. This comes as Asian and European nations scramble to secure alternative supply following the closure of the Strait of Hormuz. Meanwhile, US crude oil inventories excluding the Strategic Petroleum Reserve rose +1.9 million barrels, to 465.7 million barrels, the highest since 2023. World demand for American oil is skyrocketing.(The Kobeissi Letter)