The near-halt of trans-Hormuz oil trade has long been considered the oil industry’s mother of all “black swan” supply scenarios. Yet its actualization over the past four months has not brought with it the degree of chaos — or price responses — many anticipated. Market watchers will have numerous lessons to distill regarding the nature of oil market resiliency, global economic dependency on oil, and the "black box" that is China. But here, Energy Intelligence flags several considerations for oil company boards and C-suites as they assess their risk management frameworks and responses in a post-Hormuz world.