Curia Investment Show 17: Oil Shock, Rising Yields & What Markets Are Missing

In this episode of the Curia Investment Show, we break down the intersection of geopolitics, energy markets, and the global economy — and what it means for investors.With rising tensions in the Middle East, we discuss the risk of oil supply disruptions and the potential for significantly higher energy prices. More importantly, we explore the second-order effects — from supply chain pressure to stress in emerging markets — that may not yet be fully priced in.Despite these risks, markets remain resilient. Bond yields are rising, not falling, suggesting investors are still focused on inflation, deficits, and economic strength rather than traditional “flight to safety” dynamics.We also examine the evolving impact of AI on markets — including pressure on software and private credit, alongside continued heavy investment in AI infrastructure.Finally, we highlight key areas of opportunity and risk, including energy, commodities, emerging markets, and AI-related industrial plays.In uncertain markets, the key question isn’t just what happens next — but how much is already priced in.