The argument that more oil through Hormuz may not ease the diesel crisis

A post sharing Philip Pilkington’s argument says new estimates suggest millions of barrels of oil are moving through the Strait of Hormuz. Pilkington questions estimates involving vessels with switched-off transponders, but argues that even if the numbers are right, crude shipments would not restore damaged refining capacity or depleted inventories. He also points to high shipping costs and insurance complications.