ClearBridge Urges Portfolio Repositioning as Oil Crisis Looms
5 Articles
5 Articles
Foreign media issue successive warnings… "If blockade lasts until August, 2008 financial crisis-level recession" As the blockade of the Strait of Hormuz becomes prolonged, warnings are mounting that the global crude oil market could reach a critical point in three months. According to Reuters on the 21st (local time)
Because of the Iran war, many states tap into their oil reserves. Hormus's road remains largely blocked, imports collapse – and the situation could continue to worsen by October.
Oil Markets on Edge as Analysts Warn of Possible Global ‘Scramble for Crude’
Global oil markets remain volatile as tensions in the Middle East continue to threaten shipping through the Strait of Hormuz, with analysts warning that prolonged disruptions could trigger panic buying, strategic stockpile drawdowns, and a new global energy shock
Although millions of barrels of crude oil have been missing on the world market for months, prices have recently been largely stable, but this could soon change. If the Strait of Hormus remains closed, experts are soon expecting an increase in the global energy crisis.
ClearBridge urges portfolio repositioning as oil crisis looms
ClearBridge Investments Sam Peters has urged investors to reposition portfolios, saying collapsing oil inventories are rapidly eroding the market’s remaining supply buffers and increasing the risk of severe shortages across the global economy. Peters, portfolio manager at the $200 billion global equity manager, said the ongoing disruption linked to the prolonged closure of the Strait of Hormuz could escalate into outright shortages of key fuels,…
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