Mar. 9 at 8:40 PM
Everyone’s focused on the Iran situation and the key variable is the Strait of Hormuz. Roughly 20% of global oil supply moves through that channel, so even the risk of disruption tightens supply expectations immediately. Markets price the risk before anything actually shuts down. If shipping slows, insurance spikes, or exports get disrupted, crude can move quickly. U.S. shale producers benefit the most because their revenues move directly with oil prices and they aren’t exposed to Middle East production risk. If crude pushes higher, shale names usually outperform the majors. Watching
$OXY $DVN $FANG $HAL.