Brent drop on Hormuz reopening signals faces market skepticism

Brent fell below $100 after signals of a possible reopening of the Strait of Hormuz, but part of the market remains skeptical that supply normalization will be quick. The move echoes past episodes where investors bet on rapid supply recovery, only to see disruptions persist. The key uncertainty is whether the reopening is substantive or rhetorical, and how quickly tanker traffic can resume.