Summary

• Why is it so difficult to get a clear read of the damage to global energy infrastructure right now?
• If the geopolitical situation were resolved quickly, how fast could oil and gas markets realistically normalize?
• How are investment teams approaching portfolio construction in this environment?

By Luke Pryor & Chris Brigham, CFA

Energy prices matter—but the bigger shock may hit other areas that feed into inflation and growth.

With the war in Iran dragging past the original ceasefire deadline, how might