Skip to main content
logo
  • My Collections
    View saved content and presentation slides
  • Log out
  • Investment Strategies

      Investment Options

      • All Investment Strategies
      • Alternatives
      • Beta Strategies
      • Equities
      • Fixed Income
      • Global Liquidity
      • Multi-Asset Solutions

      Capabilities & Solutions

      • ETFs
      • Pension Strategy & Analytics
      • Global Insurance Solutions
      • Outsourced CIO
      • Sustainable investing
    • Insights

        Market Insights

        • Market Insights Overview
        • Mid-Year Outlook 2026
        • Eye on the Market
        • Guide to the Markets
        • Guide to Alternatives
        • Market Updates
        • Podcasts
        • Guide to Investing in Asia

        Portfolio Insights

        • Portfolio Insights Overview
        • Alternatives
        • Asset Class Views
        • Currency
        • Equity
        • Fixed Income
        • Long-Term Capital Market Assumptions
        • Sustainable Investing
        • Strategic Investment Advisory Group

        ETF Insights

        • ETF Insights overview
        • Guide to ETFs
      • Resources
          • All Resources
          • Center for Investment Excellence Podcasts
          • Insights App
          • Library
          • Webcasts
          • Multimedia
          • Morgan Institutional
          • Investment Academy
        • About us

            About us

            • Overview
            • Diversity, Opportunity & Inclusion
            • Our Leadership Team
            • Spectrum: Our Investment Platform
            • Our Commitment to Research
          • Contact Us
          • English
            • My Collections
              View saved content and presentation slides
            • Log out
          • Log in
          Log in
          You are about to leave the site Close
          J.P. Morgan Asset Management’s website and/or mobile terms, privacy and security policies don't apply to the site or app you're about to visit. Please review its terms, privacy and security policies to see how they apply to you. J.P. Morgan Asset Management isn’t responsible for (and doesn't provide) any products, services or content at this third-party site or app, except for products and services that explicitly carry the J.P. Morgan Asset Management name.
          CONTINUE Go Back
          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.

          • Economy
          • Markets
          • Investment Strategies

          More Eye on the Market

          J.P. Morgan Asset Management

          • About us
          • Investment stewardship
          • Privacy policy
          • Cookie policy
          • Sitemap
          J.P. Morgan

          • J.P. Morgan
          • JPMorgan Chase
          • Chase

          READ IMPORTANT LEGAL INFORMATION. CLICK HERE >

          The value of investments may go down as well as up and investors may not get back the full amount invested.

          Copyright 2026 JPMorgan Chase & Co. All rights reserved.