Oil markets have reacted to a surge in Brent crude, which has risen by around 50% since the start of hostilities in the Strait of Hormuz, the world's most critical oil shipping hub. Robin Brooks, senior fellow at the Brookings Institution and former chief economist at the Institute of International Finance, believes that the market's reaction may be overblown. He compared the current surge to the spike following the Russian invasion of Ukraine in 2022, suggesting that markets may have reacted more quickly to the disruption. Brooks suggests that the current spike could quickly reverse if sentiment shifts.