CryptoWorld News reports that economists warn the impact of closing the Strait of Hormuz is about to crush demand. Although the oil shock from the Strait of Hormuz has not yet caused demand to collapse, wealthy countries are using reserves and paying high prices to ensure supply, but traders are warning that severe demand reduction is imminent. Traders say that the longer the Strait of Hormuz remains closed, the more consumption needs to be adjusted downward to match at least a 10% decrease in supply. Achieving this may require reducing purchases, possibly through unaffordable prices or government intervention to suppress consumption. Saad Rahim, Chief Economist at Toc Group, pointed out that demand destruction is occurring in non-visible pricing centers, and if this continues, the scale of demand reduction will only grow larger. We are currently at a critical turning point.