Twenty percent of the world’s oil flows through the Strait of Hormuz. As of March 2026, that flow effectively stopped.
What followed may be the largest physical supply shock in energy history—but the bigger story is what it reveals.
For investors allocating across asset classes, this event highlights how little buffer exists in the system after years of underinvestment. Despite expectations of oversupply, the market may be far tighter—and more fragile—than widely believed.
If that’s the case, this disruption may not be a one-off event, but an early signal of a broader revaluation in energy markets.
In this brief 4-minute video below, Adam Rozencwajg explains what this means for portfolio positioning. Click the image below to begin playing the video.
Curious to learn more now? Read more in our Q4 2025 research newsletter, available for download below.
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