The MarketWatch report flags a potential 2008-style supply disruption if the Strait of Hormuz stays closed into late August, yet it understates the cumulative effects of concurrent chokepoints and policy responses. Primary data from the U.S. Energy Information Administration's 2023 World Oil Transit Chokepoints analysis shows roughly 21% of global petroleum liquids transit the strait daily, a figure unchanged in structure from prior decades despite shifts in export origins. Extending closure beyond August would compound with Red Sea routing constraints documented in IMO circulars, elevating delivered crude costs beyond simple volume shortfalls. Multiple perspectives emerge from official records: Iranian statements via the Atomic Energy Organization emphasize sovereign control over adjacent waters, while U.S. Central Command posture statements highlight escort operations without specifying duration. Chinese Ministry of Foreign Affairs transcripts from recent Gulf dialogues underscore energy security priorities for import-dependent economies. The original coverage overlooks how sustained price spikes could interact with Federal Reserve meeting minutes from July 2024, where participants noted energy volatility as a persistent inflation risk factor separate from core trends. Historical parallels appear in the 2008 EIA weekly reports tracking inventory draws during prior disruptions, revealing faster inventory releases today via strategic reserves yet slower demand destruction in petrochemical sectors. This tail risk therefore links directly to sequenced effects on global inflation metrics and subsequent monetary policy calibration across jurisdictions.