Clayton Siegel

Tanker shipments in the Strait of Hormuz have come to a halt due to attacks on three ships. Siegel states, "That's 600 million barrels that could potentially be deprived... that's basically a week of no oil." He explicitly puts "$90-$100 barrel oil" on the table. The physical blockage of a chokepoint handling 20% of the world's oil supply creates an immediate supply shock. With OPEC spare capacity low and US inventories as the only cushion, prices must rise to ration demand. This directly benefits crude futures and major integrated oil producers with non-Gulf production. LONG. Energy is the primary hedge against this geopolitical conflict. Rapid de-escalation or release of Strategic Petroleum Reserves (SPR) dampening price spikes.

Tanker shipments in the Strait of Hormuz have come to a halt due to attacks on three ships. Siegel states, "That's 600 million barrels that could potentially be deprived... that's basically a week of no oil." He explicitly puts "$90-$100 barrel oil" on the table. The physical blockage of a chokepoint handling 20% of the world's oil supply creates an immediate supply shock. With OPEC spare capacity low and US inventories as the only cushion, prices must rise to ration demand. This directly benefits crude futures and major integrated oil producers with non-Gulf production. LONG. Energy is the primary hedge against this geopolitical conflict. Rapid de-escalation or release of Strategic Petroleum Reserves (SPR) dampening price spikes.

Tanker shipments in the Strait of Hormuz have come to a halt due to attacks on three ships. Siegel states, "That's 600 million barrels that could potentially be deprived... that's basically a week of no oil." He explicitly puts "$90-$100 barrel oil" on the table. The physical blockage of a chokepoint handling 20% of the world's oil supply creates an immediate supply shock. With OPEC spare capacity low and US inventories as the only cushion, prices must rise to ration demand. This directly benefits crude futures and major integrated oil producers with non-Gulf production. LONG. Energy is the primary hedge against this geopolitical conflict. Rapid de-escalation or release of Strategic Petroleum Reserves (SPR) dampening price spikes.

Tanker shipments in the Strait of Hormuz have come to a halt due to attacks on three ships. Siegel states, "That's 600 million barrels that could potentially be deprived... that's basically a week of no oil." He explicitly puts "$90-$100 barrel oil" on the table. The physical blockage of a chokepoint handling 20% of the world's oil supply creates an immediate supply shock. With OPEC spare capacity low and US inventories as the only cushion, prices must rise to ration demand. This directly benefits crude futures and major integrated oil producers with non-Gulf production. LONG. Energy is the primary hedge against this geopolitical conflict. Rapid de-escalation or release of Strategic Petroleum Reserves (SPR) dampening price spikes.

Tanker shipments in the Strait of Hormuz have come to a halt due to attacks on three ships. Siegel states, "That's 600 million barrels that could potentially be deprived... that's basically a week of no oil." He explicitly puts "$90-$100 barrel oil" on the table. The physical blockage of a chokepoint handling 20% of the world's oil supply creates an immediate supply shock. With OPEC spare capacity low and US inventories as the only cushion, prices must rise to ration demand. This directly benefits crude futures and major integrated oil producers with non-Gulf production. LONG. Energy is the primary hedge against this geopolitical conflict. Rapid de-escalation or release of Strategic Petroleum Reserves (SPR) dampening price spikes.