Hormuz blocked for 3 months and Iran just added more mines — energy stocks still have room to run
The Strait of Hormuz — the narrow waterway that most Middle Eastern oil passes through — has been effectively blocked for over three months. Iran has mined large sections of it and there's no sign of a resolution, keeping oil prices stubbornly high.
Idea
The world's most important oil shipping lane has been blocked for over three months, and Iran is actively mining it. The OECD just warned that this conflict is damaging global growth, but crucially for energy investors, that means there's no quick fix coming — the supply squeeze persists. Oil companies like Chevron and ConocoPhillips are collecting windfall profits while the blockade drags on. The energy sector ETF (XLE) has been quietly trending higher, and as long as tankers can't get through Hormuz, that trend has fuel to continue. This isn't a speculative spike — it's a sustained supply disruption with no end in sight.