WS #15419
Iranian attacks on shipping in the Strait of Hormuz and a massive Russian strike on Ukrainian energy infrastructure have created a dual supply shock, pushing oil prices higher and stoking inflation fears. While the IEA is meeting to discuss reserve releases to dampen the spike, the immediate market reaction is bearish for consumer discretionary and airlines, while energy and defense sectors see bullish momentum.
Geopolitical Supply Shock
Iranian attacks on shipping in the Strait of Hormuz and a massive Russian strike on Ukrainian energy infrastructure have created a dual supply shock, pushing oil prices higher and stoking inflation fears. While the IEA is meeting to discuss reserve releases to dampen the spike, the immediate market reaction is bearish for consumer discretionary and airlines, while energy and defense sectors see bullish momentum.