Hormuz Blockade Threat Jars Oil Markets, Asia Braces for Shock|Insight with Haslinda Amin 04/13/2026

Watch on YouTube ↗  |  April 13, 2026 at 06:11  |  46:41  |  Bloomberg Markets
Speakers
Jorge Montepeque — President, Benchmark & Energy Management (Platts/S&P)
Thu Ha Chow — Head of Content, The Block
Nouriel Roubini — Chairman, Roubini Macro Associates

Summary

The video analyzes the imminent threat of a U.S. naval blockade of the Strait of Hormuz and its potential to severely disrupt global oil supplies, sending shockwaves through Asian economies and financial markets. Experts discuss why current oil prices may be mispricing the risk, the resilience of bond markets, and the broader geopolitical implications, including potential clashes with China. The program also touches on the market's calm response and central bank dilemmas in the face of supply-driven inflation.

  • President Trump threatens a full naval blockade of the Strait of Hormuz, risking 12 million barrels per day of Iranian oil exports.
  • Oil prices surge but are seen as potentially mispriced given the scale of possible disruption.
  • Asian economies, particularly Japan and South Korea, are highlighted as highly vulnerable to supply cuts.
  • Bond markets show relative calm, but Treasury and JGB yields are under upward pressure from inflation fears.
  • Central banks face a policy dilemma between combating inflation and avoiding recessionary demand destruction.
  • Geopolitical risks include potential escalation with China if the blockade intercepts vessels headed there.
  • Market participants are focused on arbitrage and volatility opportunities in energy markets.
  • Longer-term structural shifts in energy reliance and asset diversification are being reconsidered.
Trade Ideas
Jorge Montepeque President, Benchmark & Energy Management (Platts/S&P) 11:58
Oil is deeply mispriced and should be $150.
The current oil price of around $103 does not reflect the severe supply risk posed by a potential U.S. naval blockade of the Strait of Hormuz, which would cut off 12 million barrels per day of Iranian oil and has no viable short-term alternatives. Given the scale of potential disruption and the need for demand destruction, oil prices should be closer to $140-$150. He expects oil to average above $100 for the rest of the year.
BRENT CL1! HIGH
Thu Ha Chow Head of Content, The Block 29:07
US 10-year yields could rise toward 5%.
The 10-year US Treasury yield could rise and potentially touch 5% again as markets process the supply shock from the Iran conflict and the resulting inflationary pressures, even as recessionary fears loom. The shorter end of the curve is easier to position in, while the long end remains volatile.
TLT MED
Thu Ha Chow Head of Content, The Block 30:36
JGB yield curve to steepen.
The Bank of Japan is hampered by the energy shock and risks being behind the curve on inflation, which is driving fears of steepening in the Japanese Government Bond (JGB) yield curve. Robeco maintains a call on JGB steepening as a result.
JGBUX HIGH
Up Next
3:36
Hungarian Election: Magyar Calls for Sweeping Change After Defeating Orban
Bloomberg Markets · Apr 13
1:34:37
Oil, Gas Jump As Trump Plans Hormuz Blockade | The Asia Trade 4/13/2026
Bloomberg Markets · Apr 13
31:46
‘Nowhere Near’ Real Bear Market: This Asset Collapses Next | David Cervantes
The David Lin Report · Apr 12
2:31:51
Bloomberg This Weekend | No Peace Deal, Swalwell Allegation, Breaking: Trump’s Blockade on Strait
Bloomberg Markets · Apr 12
11:34
Fmr. National Sec. Advisor Bolton on Trump calling for Strait of Hormuz blockade: it "makes sense"
Bloomberg Markets · Apr 12

This Bloomberg Markets video, published April 13, 2026, features Jorge Montepeque, Thu Ha Chow discussing BRENT, CL1!, TLT, JGBUX. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Jorge Montepeque, Thu Ha Chow  · Tickers: BRENT, CL1!, TLT, JGBUX