Strait of Hormuz Is Killing Energy Earnings — And Wall Street Is Still Asleep
With 90% of Hormuz LNG flows disrupted and fertilizer markets seizing up, energy and ag earnings are about to get very weird very fast
Ticker Ratings
Here's a fun game: name the biggest energy disruption in recorded history and then explain why equity markets have basically shrugged. Bloomberg's S&P Global guest Daniel Yergin called the Strait of Hormuz closure exactly that — not just an oil story, but a shock hitting fertilizer, helium, aluminum, and petrochemicals, with 80% of oil and 90% of LNG flows to Asia now severely disrupted. Brent crude is sitting above $105/barrel while U.S. crude lags below $94 — a spread that screams dislocation, not stability.
Retail sentiment on YouTube is firmly in the "self-custody everything" camp — Andrei Jikh is out here preaching physical gold and $BTC self-custody over ETFs, while the Jeremiah Babe crowd is watching frozen bank accounts and Fidelity system glitches with maximum vindication energy. The vibe is: trust nothing, own everything. Meanwhile, $OXY and integrated oil names are set to either crush or miss depending on how creatively they account for the refining spread chaos.
Iran talks are "talks about talks" in Pakistan, a second U.S. carrier strike group is deployed, and 34 ships have already turned around at the Strait. If earnings season doesn't produce some genuinely unhinged guidance from energy companies, I will eat my Bloomberg terminal.