After spending quite a bit of the past couple of weeks chatting with friends and family, asking them what they're taking from the news, I think it's clear most of our news media is substantially downplaying the economic effects of the Hormuz straight crisis

What I can't figure out is whether it's intentional or not. I know it's unintentional in Icelandic media as they simply no longer have the resources or expertise to properly outline what's happening, but I can't figure out UK or US media