BlackRock CIO

The CIO stated sustainable energy and energy resilience are durable themes, exacerbated by AI's power demand and the current geopolitical shock, encompassing production, grids, storage, and infrastructure. The Iran war highlights global energy insecurity, driving investment into alternative production and more resilient infrastructure, a trend that predates but is amplified by the conflict. The entire energy complex, beyond just oil, is attractive for long-term investment due to structural demand for resilience and efficiency. A rapid, peaceful resolution to the Iran war that drastically reduces the geopolitical risk premium.