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Strait of Hormuz shutdown to drag on — accumulate oil majors

Experts now expect a major disruption to global oil shipping routes to last through the end of the year, and Iran has halted peace talks with the U.S. This is pushing oil prices higher as supplies tighten.

Idea

Analysts are warning that the key oil shipping route disrupted by Iran could stay blocked for months. This means less oil supply available worldwide for the rest of the year. With supply shrinking and tensions high, oil prices tend to rise, which significantly boosts the profits and stock prices of major oil producers.

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CVXXLEXOMD#energy#macro#geopolitics

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