Daily on Energy: Optimism on the Strait of Hormuz, a Jones Act appraisal, and a notable upset in Texas

WHAT’S HAPPENING TODAY: Good afternoon and happy Wednesday, readers! Happy World Otter Day to all our animal lovers out there. 🦦

Today, crude oil markets saw their biggest price drop in a month, with international and domestic benchmarks falling by more than 5%. 🛢️📉 The downward pressure appeared to come from both Washington and Tehran, so keep reading to find out why. 

Texas Gov. Greg Abbott took a major blow last night as anti-DEI and anti-Islam conservative Bo French took home the win in the primary runoff for a seat on the Texas Railroad Commission. 🗳️ Abbott previously warned that French would “wreck” the Texas oil and gas industry. Read on for more details on the race.   

Welcome to Daily on Energy, written by Washington Examiner energy and environment writers Callie Patteson (@CalliePatteson) and Maydeen Merino (@MaydeenMerino). Email cpatteson@washingtonexaminer dot com or mmerino@washingtonexaminer dot com for tips, suggestions, calendar items, and anything