One potential knock-on impact of the strait being effectively closed, is that at some point the gulf states will be forced to shut-in production as local storag

One potential knock-on impact of the strait being effectively closed, is that at some point the gulf states will be forced to shut-in production as local storage fills up and production can’t be exported. That combined with war damage to critical transport/export infrastructure will cause a lag where production can’t meet global demand even when the strait re-opens. Turning oil wells back on is not like flipping on a light switch.