PineBridge Investments Insights

The situation in the Strait of Hormuz remains highly fluid. The US is relying on sustained pressure via restricting Iranian oil revenues to force concessions. Meanwhile, Iran is betting that political and economic strain will eventually push the US to compromise. Ultimately, the difference between scenarios is primarily one of timing: both lead to resolution, but a prolonged sta...

The fate of the Strait of Hormuz will likely remain a key variable for global markets for much of 2026. Looking out a bit further, “the cure for high prices is high prices” should again become the reality, at least for commodities like oil. Most countries’ energy intensity has dropped since the last energy shock, with societies putting meaningful clean energy sources in place an...