David Hoffman, founder of Bankless, has suggested that the Strait of Hormuz may face a 'permanent de-rating' in its strategic importance due to ongoing geopolitical tensions and stable oil prices. Hoffman noted that despite these tensions, oil prices have remained low, indicating that the market might be adapting by reducing reliance on this key energy passage. He highlighted that the global energy supply chain could be diversifying through alternative shipping routes and infrastructure adjustments to bypass the Strait of Hormuz.