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        Eye on the Market

        Pandora’s Bog: the global energy shock of 2026

        The last 48 hours have seen an escalation in attacks on Gulf energy infrastructure. This special issue Eye on the Market summarizes our evolving analysis of the aftershocks of the invasion of Iran for investors. Topics include the latest developments in commodity markets, the magnitude of the oil shock vs history, the impact of such shocks on equity markets, the negligible benefit of the global SPR release, the differentiated reaction of regional gas markets and the impact on agriculture and petrochemicals. We also include our oil & gas sensitivity heat map by country, measures which have been roughly tracking changes in country equity markets since the invasion. We start with a time capsule beginning with Woodrow Wilson, the unique place of the failed Iranian hostage rescue in the American psyche and conclude with data on the pace of US munitions depletion relative to current production schedules.

        Click here for important information.

        About Eye on the Market

        Since 2005, Michael has been the author of Eye On The Market, covering a wide range of topics across the Markets, investments, economics, politics, energy, municipal finance and more.

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