🔥Analyst: The market is not betting on a long-term closure of the Strait of Hormuz or a third oil crisis

According to Jintou reports, on April 17th, Ryoji Musha, President of Musha Research in Japan, stated that the pessimistic sentiment reported by the media significantly differs from actual market behavior. Since the outbreak of the Iran conflict on February 28th, the S&P 500 has recovered all its losses, just 1% below its historical high. Recently settled crude oil futures prices remain high, but contracts set to deliver in six months have fallen back to the $70 range. The market has not assumed that the Strait of Hormuz will be closed long-term or that a third oil crisis will occur. Musha pointed out that the world's dependence on oil has decreased below levels of the 1970s, with oil's share in Japan's energy structure dropping from 76% during the first oil crisis to 35% in 2024. Countries such as Saudi Arabia and the United Arab Emirates…