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Editor's Note
The shocks keep coming. Last year, it was tariffs and AI (artificial intelligence). This year began with the military extraction in Venezuela, US threats over Greenland, and then the joint US-Israel attack on Iran. The latter has brought with it the closure of the Strait of Hormuz and the loss of one fifth of global oil shipments.
Economic and market outlook
From Liberation Day tariffs to the attack on Iran, the past 12 months have been a bumpy ride for investors. Since the start of the decade, we have also had to deal with the COVID-19 crisis, the Russian invasion of Ukraine, and the double-digit inflation that followed.
Global equities
The US-Israeli conflict with Iran is dominating news headlines and markets around the world. The effective closure of the Strait of Hormuz, a primary artery for global energy, drove oil and gas prices significantly higher.
Sustainability
A series of recent geopolitical shocks has brought two key issues sharply into focus-energy security, particularly nuclear energy and national security. Both of which have been central to the recent geopolitical events, namely, the Russian invasion of Ukraine and more recently the Iran conflict and the associated disruption in the Strait of Hormuz.
