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Iraq was forced to shut down a significant portion of its oil production early in the conflict as its storage facilities were the first to be filled.
Saudi Arabia and the UAE are able to continue exporting crude oil by bypassing the Strait of Hormuz via the east-west pipeline and the port of Fujairah.
Seven companies focused on semiconductors, including Amazon and Alphabet, accounted for 70% of the S&P 500's 8.5% return.
China is attempting to exert more leverage over global supply chains for critical minerals.
If the Strait of Hormuz is not reopened, oil prices are expected to rise as the market becomes desensitized to positive headlines and focuses on tightening supply.
The closure of the Strait of Hormuz is causing a massive disruption to the global fertilizer supply, which is translating into upward pressure on agricultural commodity prices.
Memory chip companies Micron and SK Hynix are currently trading at mid-to-high single-digit price-to-earnings multiples due to a significant increase in their earnings.
SK Hynix, Samsung, and Taiwan Semiconductor Manufacturing Company are the top three holdings in emerging market indices.
High levels of global oil inventories are temporarily shielding the market from the full price impact of the Strait of Hormuz closure.
Kuwait and Bahrain have also shut down a large share of their oil production due to the ongoing conflict.
The price of cooking oil has increased by 5.6% in one month due to broader commodity market disruptions.
A potential reduction in AI capital expenditure by hyperscalers like Microsoft and Alphabet could negatively alter investor perceptions of the semiconductor sector.