Bob Ryan helped develop the original WTI options at the New York Mercantile Exchange, spent 13 years as BCA's Chief Commodity Strategist, and was an economist at the EIA. He says crude bottomed around $70 on Brent and is heading back to $80 by August as the flush supply from the Strait of Hormuz gets absorbed. The 115 tankers that were trapped are mostly out, but the real question is whether anybody sends an empty one back in. Iran hit a ship using the UN maritime corridor and everything froze. Their mosaic strategy is built on outlasting the US without forcing boots on the ground. US missile inventory is down 40 to 50%. Salt dome storage is at 1983 levels and physically degrading. Ukraine is bombing Russian refineries and Moscow may ban distillate exports. China keeps building new storage. The demand to rebuild inventory is global, and it does not go away this year. 📊 tastylive: tastylive.com 📰 Get Tom's pre-market analysis every morning: tastylive.com/new...