VP Vance: Last night, 12.5M barrels of oil went through the Strait of Hormuz. That is a high since the beginning of the conflict. Oil prices are down nearly at their level from the pre-war [level]. Gas prices dropped below $4/gallon today for the first time since the conflict, and importantly, they’re going to keep falling further… The Iranians, for the second night in a row, did not shoot at any ships in the Strait of Hormuz.