Hormuz chokepoint stalls again as markets adapt to energy shocks

Traffic through the Strait of Hormuz slowed to a near standstill after recent attacks, but analysts say the global economy has grown accustomed to energy shocks: oil routes have been rerouted and demand in key buyers like China appears more elastic, keeping Brent and WTI from spiking back toward $100. The market’s muted response comes despite sanctions on Iran and talk of blockades, suggesting the base case remains manageable though volatility could return if fighting persists for months and inventories tighten.