"The Strait of Hormuz still effectively shut... 20% of global LNG production offline... we only have two weeks worth of energy stockpiles." The physical closure of the Strait removes a massive percentage of global supply. Unlike financial fear, this is a physical supply shock. Prices must rise to ration remaining inventory. LONG. Oil and Energy equities will outperform as scarcity pricing takes hold. Sudden ceasefire or US Navy successfully reopening the Strait quickly.