Geopolitical shocks tend to fade from headlines quickly—but their impact on markets often lingers much longer.
In the wake of the Iran crisis, key questions remain: how are global energy flows adjusting, where are supply-demand imbalances emerging, and what does it all mean for inflation and commodity markets?
These aren’t just short-term disruptions—they may be early signals of broader structural shifts.
In a recent appearance on the MacroVoices podcast, episode #527 titled “What Comes Next After the Iran Crisis,” Adam Rozencwajg joins Erik Townsend and Patrick Ceresna to explore how these developments are shaping opportunities across energy, natural resources, and broader commodity markets. Erik and Adam discuss:
Situation in the Oil Market and Physical Dislocation
Investment Strategies and Market Recovery
Impact on Food Prices and Inflation
Nuclear Energy and Uranium Market
Gold Market and Investment Considerations
Much of what’s driving today’s market environment is happening beneath the surface—and may not yet be fully appreciated.
This discussion connects those dots.
Listen to the full episode to explore what may come next. This interview was recorded on April 9, 2026.
Want to learn more from Goehring & Rozencwajg? We invite you to download or revisit our entire Q4 2025 investor research letter, which is available below.
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