Critical Materials & Supply Chain▲impact 4
Growing concerns over a double blockade of the Strait of Hormuz and the Red Sea
Yemen's Iran-backed Houthi group announced it attacked two Saudi oil tankers near the Bab el-Mandeb Strait in the Red Sea, heightening fears of a double blockade that would affect safe passage through both the critical energy chokepoint of the Strait of Hormuz and its alternative route, the Red Sea. In light of this development, energy-related companies such as INPEX, Japan Petroleum Exploration, JGC Holdings, and Chiyoda Corporation are likely to draw attention.
About megatrends
Critical Materials & Supply Chain › Bulk & Structural Metals (Reshoring) ▼Geopolitics
Defense & Geopolitical Fragmentation › Missiles, Munitions & Energetics ▲Demand
Defense & Geopolitical Fragmentation › Naval Systems & Shipbuilding ▲Demand
Defense & Geopolitical Fragmentation › Defense Electronics, EW & Sensors ▲Demand
BRENT · Supply · Positive Double blockade risk at key chokepoints threatens global oil supply, supporting Brent crude prices.
WTI · Supply · Positive Houthi attacks on oil tankers threaten supply through Bab el-Mandeb and Strait of Hormuz, likely pushing WTI crude prices higher.
1605.JP · Geopolitics · Positive Houthi attack on Saudi tankers near Bab el-Mandeb raises risk of disruption to oil tanker routes, benefiting Japanese oil and gas explorer Inpex through higher oil prices.
1963.JP · Geopolitics · Positive Escalation in Red Sea and Strait of Hormuz tensions boosts demand for energy infrastructure services, benefiting JGC Holdings as an engineering contractor.
6366.JP · Geopolitics · Positive Geopolitical risk to oil shipping routes increases need for energy projects, supporting Chiyoda's engineering and construction business.