How accurate was the assumption that closing the Strait of Hormuz would significantly impact global oil prices?

The Straits of Hormuz are a vital shipping lane and major oil export route; most analysts expected significant price increases after the closure.

• Option 1: Very inaccurate, did not occur as predicted
• Option 2: Accurate, record high prices were reached due to other factors.
• Option 3: Not very accurate at all, no impact on global oil prices
• Option 4: Still waiting for more information before making an assessment