The U.S. Energy Information Administration (EIA) tracks every barrel moving through this country. They dropped their weekly report April 22. Here's what it says.

Iran seized two container ships in the Strait of Hormuz this week...the MSC Francesca and the Epaminondas...at gunpoint. A third vessel was fired on. 15 Filipino seafarers are still being held. Trump extended the ceasefire. Iran's answer was masked commandos boarding commercial ships. This morning Trump ordered the U.S. military to shoot and kill any Iranian boats laying mines in the strait.

The Strait of Hormuz moves 20% of the world's oil. It has been effectively closed since February 28.

Here's what the numbers look like right now.

9.1 million barrels a day offline from the Middle East in April. Gasoline inventories dropped 4.6 million barrels last week...twice what analysts expected. Diesel stocks fell 3.4 million barrels...also bigger than forecast. The EIA is projecting diesel at $5.80 a gallon this month.

WTI is at $94.75 this morning...the benchmark that drives what U.S. operators get paid for every barrel they produce. Brent is at $104.63. Both spiked nearly 5% since Wednesday and are swinging $2-3 on peace talk rumors alone. That's how unstable this market is right now.

The International Energy Agency (IEA) director told CNBC yesterday: "We are facing the biggest energy security threat in history." The world has lost 13 million barrels per day of oil supply. For context...the 1973 and 1979 oil crises combined took out 10 million barrels per day. This is bigger than both of them put together.

Baker Hughes just dropped their weekly rig count. Here's where the U.S. stands today:

Total U.S. Rigs: 544...down 43 from this time last year

Oil Rigs: 407...down 68 year over year

Gas Rigs: 129...up 22 year over year

Land Rigs: 531...down 40 year over year

Offshore Rigs: 11...down 2 year over year

Oil rigs dropped again this week. Down 68 from a year ago. The gas side picked up 4 rigs this week but it doesn't offset what's been lost on the oil side. The industry is pivoting to gas while oil drilling quietly bleeds out.

544 rigs. 13 million barrels a day gone. Diesel at $5.80 and climbing. The world needs American oil and the count keeps dropping. Do the math.