Citi Research notes that despite potential Strait of Hormuz closure, global economy shows resilience due to diversified private demand.
Analysts identify adjustment channels: new supply sources, shift to alternative fuels, and macro policy support, though none alone decisive.
They warn a conflict‑driven oil price spike could reignite inflation pressures and challenge central banks balancing growth and price stability.
Historical 2011‑2014 period with $110 Brent showed economies can grow amid high energy prices, suggesting higher shock threshold now.