u/MRADEL90

Reported attacks on ships in the Strait of Hormuz have caused WTI oil prices to jump ~7% to ~$89.7. The Strait of Hormuz is a critical oil transit chokepoint. Direct military action creates a tangible physical supply disruption risk, which the market is beginning to price in. Geopolitical escalation provides a catalyst for a sustained move higher in oil prices if the situation worsens or persists. The event could be a short-lived headline spike if tensions de-escalate quickly or if the market perceives the supply disruption as temporary. The top comment suggests the strait has been closed for 50 days, implying the risk may already be priced in.