Oil Slips from Near Six-Month Highs Despite Active Hormuz Supply Threat

📉 MARKETS — Prices retreating while the strait burns is the tell. 📌 LOOK CLOSER: When supply shock headlines multiply and prices still fall, the market is pricing in something else: a near-term resolution, demand destruction, or both. After 240 days, traders may be discounting permanent disruption as the new baseline. That repricing matters — it removes one of Washington's pressure levers on Tehran if oil markets stop screaming.