Hmmm... The shortages in supply are ongoing. And the Strait is still only passing less that 10 percent of its pre-war numbers... Still significant disruption in the supply chain. My understanding is that the futures price of oil is still far different than the actual delivery price. Don't believe everything you see.
There is a lot of manipulation going on to help Trump save face from one of the worst diplomatic disasters in US history.
A lot of people in the lower CO River basin, especially AZ and CA, are going to do some suffering in the next few years.