US government's energy arm assumes Strait of Hormuz will stay shut through late May

“By Shariq Khan and Scott DiSavino NEW YORK, May 12 (Reuters) - The U.S. Department of Energy's statistical arm on Tuesday said it assumes that the Strait of Hormuz will be effectively shut through late May and traffic will resume gradually from next month, prompting the agency to hike its forecasts for U.S. motor fuel prices.

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