It was an interesting report by Jeff Currie of Carlyle, examining how a disruption in the Strait of Hormuz could affect global energy security, commodity markets, and capital allocation at a time when the world is still navigating an incomplete energy transition. In my humble view, predicting how high prices will ultimately go this time…

The Iran war-driven volatility has, unsurprisingly, introduced some short-term swings across parts of our long-term positions. Markets, as we know, tend to react first and think later especially when headlines are involved. Suddenly, everyone seems to have a side career as a geopolitical expert. Social media is overflowing with confident takes, real-time “analysis,” and the…

I periodically recycle old posts on my blog to ensure that new clients can benefit from valuable content they may have missed and this post is one such example. I recently asked my capable partner to pull together some data on our global clients, and the results tell an interesting story about age and wealth….

The on-going attack on Iran by the US and Israel is now disrupting parts of the global energy system. The war has created the “largest supply disruption” in history, the International Energy Agency said, even though dozens of countries agreed to release 400 million barrels. Can the world withstand oil at USD200? Let me be…

Beneath the headlines, the recent US raid in Venezuela and the escalating confrontation with Iran are about far more than nuclear ambitions or regional rivalries. At their core, these developments reflect the intensifying strategic rivalry between the US and China. Iran and Venezuela have long been important energy partners for China. Moves by Washington are…