Hormuz chokepoint tightens, but markets adapt and stay resilient
Attacks around the Strait of Hormuz reduced traffic this week, but analysts say the global economy has learned to adapt—rerouting export routes and allowing demand to fall more quickly—keeping oil markets relatively muted and equities resilient. Brent crude flirted with $100 but did not break through, while WTI remained choppy and near its 200-day average. Three weeks of ceasefire and wary ship movements have dampened spillover fears, though a renewed escalation could push prices higher; traders remain focused on energy-supply logistics and broader market drivers like AI optimism.
