WS #14895
The US rejection of Iran's deal to reopen the Strait of Hormuz maintains the blockade, keeping global oil and LNG supplies constrained. This has triggered a surge in supertanker valuations, with old vessels trading above new builds as freight rates soar. The persistent geopolitical risk supports bullish energy and shipping equities while raising inflation expectations globally.
Hormuz Blockade and Energy Supply Shock
The US rejection of Iran's deal to reopen the Strait of Hormuz maintains the blockade, keeping global oil and LNG supplies constrained. This has triggered a surge in supertanker valuations, with old vessels trading above new builds as freight rates soar. The persistent geopolitical risk supports bullish energy and shipping equities while raising inflation expectations globally.