Does the oil market take the possibility of the Strait of Hormuz being closed seriously?

According to Energy Press and quoted by Reuters, Claudio Descalzi, CEO of Italian energy company Eni, said on Wednesday (June 18) that global oil markets have shown no serious concern about the possibility of the Strait of Hormuz being closed following the conflict between Iran and Israel.
Speaking on the sidelines of an energy conference, he stressed that crude oil prices have not risen above $80 or $90 per barrel. This shows that the market does not expect extreme conditions, such as the closure of the Strait of Hormuz.
The Strait of Hormuz, located between Oman and Iran, is a key thoroughfare for about a fifth of the world’s daily oil consumption. Iran has previously threatened to close the strait if Western pressure increases.
The comments come after recent Israeli attacks on Iranian nuclear facilities. Israel has said the operation was designed to prevent Tehran from obtaining nuclear weapons, a claim that Iran has always denied.
Descalzi added: “A possible closure of the Strait would first of all harm Iran’s oil exports and probably also open the door for the United States to get involved. Despite the instability, I think world leaders will do everything they can to prevent such scenarios from happening.”
Despite a 4% jump in oil prices in the previous trading session, the oil market was stable on Wednesday, with Brent crude remaining around $76.6 per barrel.
The CEO also highlighted the company’s efforts to reduce its dependence on oil, saying that Eni has been focusing more on developing renewable energy sources and biofuels in recent years.