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Bloomberg Talks

Bloomberg Talks

American Petroleum's Mike Sommers Talks Hormuz Oil Flows

Aug 4, 2026 · 8m

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About this episode

American Petroleum Institute CEO & President Mike Sommers says that about 7 of the 11 million barrels per day needed to see lower gas prices are now getting through the Strait of Hormuz. Sommers spoke with Bloomberg’s Joe Mathieu and Kailey Leinz on the early edition of Balance of Power. See omnystudio.com/listener for privacy information.