Bankless founder says markets may be reducing reliance on the Strait of Hormuz

Bankless founder David Hoffman said recent geopolitical tensions have not pushed oil prices meaningfully higher, a sign he believes markets may be adapting and relying less on critical energy chokepoints. In a post on X, Hoffman wrote that oil remained subdued despite recent events and suggested the Strait of Hormuz could be losing some of its long-term importance as markets shift to other routes to bypass the passage. The market view cited in the report also points to a broader change in global energy supply chains, with diversification of shipping routes, alternative supply channels and infrastructure adjustments potentially reducing dependence on a single strategic corridor. The comments frame low oil prices as a signal of adjustment rather than immediate disruption, though the report does not provide specific price data. The item was published by Odaily under its market analysis category.