The $120 Oil Spike: Can Navy Escorts Save the Global Supply Chain?

In this episode, the team discusses the wide-ranging economic ramifications of the conflict in Iran and the resulting supply crunch in the Strait of Hormuz, where oil flows have dropped from 20 million to just 1 million barrels daily. The team explores how this crisis extends far beyond the gas pump, detailing the impact on global fertilizer supplies, agricultural costs, and the refining of essential metals like copper and nickel. By comparing the relative energy independence of the U.S. to the devastating electricity price spikes in Europe, they highlight why the fight against inflation has suddenly become much more complex for sectors ranging from waste management to chemical production. This podcast is prepared and distributed by AMI Asset Management (AMI), an SEC-registered investmentadviser (registration does not imply a certain level of skill or training). The information contained herein, and the opinions expressed are those of AMI as of the date of writing, prepared solely for general informational and discussion purposes. The information contained in this podcast has been compiled by AMI from sources believed to be reliable; however, AMI does not make any representation as to their accuracy, completeness or correctness and does not accept liability for any loss arising from the use hereof. Such information andopinions are subject to change without notice due to changes in market or economic conditions and may not necessarily come to pass. References to specific securities are not intended as recommendations of said securities. Please note that some of the securities mentioned may be held in an AMI strategy or in personal accounts. The reader should not assume that any investments in securities, sectors and markets identified or described were or will be profitable. Investing entails risks, including possible loss of principal. Past performance is not a guide to future performance and futurereturns are not guaranteed. The investment strategies referenced may not be suitable or appropriate for all investors depending on their specific investment objectives and financial situation and potential investors should consult with their own financial professional before determining whether to invest in the strategy.