The discussion today focused on the escalating energy market disruption from the Strait of Hormuz crisis and whether markets have already priced in a potential G7 strategic petroleum reserve (SPR) release. Nadia Martin-Wiggen highlighted volatility and financial market positioning; Clyde Russell warned of a looming Asian supply crisis; Pamela Munger detailed tanker dislocation and rerouting; and Ali Al-Riyami stressed regional resilience but warned the conflict could persist.