Global Markets Continue Looking Beyond Hormuz

As the world remains fixated on the Strait of Hormuz, markets continue looking past it. Global markets are back near all-time highs. In Korea, where headlines warn rolling blackouts will end modern life as we know it in just weeks, local markets have recouped almost all their wartime decline. Stocks seem done (at least for now) sweating the very short term and weighing the next 3 – 30 months. Meanwhile, oil and gas producers are looking even longer-term in an effort to ensure Middle Eastern energy exports don’t depend on one nation’s whims. The real-world effect is likely outside the timeframe markets weigh, but a not-so-distant world where the Strait is mostly an afterthought is an outcome worth considering. Read Full Article »