Today’s Daily Energy Markets asked a puzzling question: why are oil prices falling back toward $90 when millions of barrels per day remain stranded by the Strait of Hormuz crisis? Neil Atkinson highlighted how inventories, SPR releases, and rerouted flows are cushioning markets. Robin Mills argued that market resilience is easing pressure for a diplomatic breakthrough. Clyde Russell pointed to China’s demand shifts and electrification, while Marc Ostwald explained why strong US growth and weak European demand are sending mixed signals.