The largest oil shock in history caused prices to surge. Now they're so high that they may be causing "demand destruction." That would mean slower economic growth. Oil prices have started to slip — but not necessarily for reasons that suggest a return to market normalcy. The International Energy Agency said Tuesday that “demand destruction” has begun to unfold. As a result of the acute energy commodity shortages stemming from the closure of the Strait of Hormuz, oil appears to have reached a point where it is now so expensive that overseas businesses and households have begun curbing investment and...