Why Oil’s Not at $200 After the Biggest Supply Shock in History (opens in new tab)

(Bloomberg) -- For decades, oil traders, executives and analysts warned that closing the Strait of Hormuz would be a global economic catastrophe. Most Read from BloombergTrump Says He, Not Congress, Is in Charge of Kennedy Center in ReversalWhy Oil’s Not at $200 After the Biggest Supply Shock in HistoryBecerra Advances for California Governor as Hilton Fights SteyerSpaceX Inks $30 Billion Computing Power Deal With GoogleUS Forces See Nearly 1,000 Hormuz Crossings Since CeasefireIt’s now been mor