There are widespread reports on Iran allowing "any country aside from the US and Israel" to pass through the Strait of Hormuz. If this is true, China and India alone will be able to restore nearly 7 million barrels of oil supply PER DAY. In other words, ~39% of the 18 million barrels per day of supply currently offline due to the Strait of Hormuz closure would return to the market. This would be massive news if confirmed.(The Kobeissi Letter)