The Mideast energy shock’s next phase

A BlackRock Investment Institute Market Take in which economist Ehsan Khoman argues that the buffers that cushioned economic growth from the Middle East energy shock are thinning, while supply constraints move downstream into shipping and refining. The video makes the case for selectivity as new vulnerabilities emerge across regions, sectors and asset classes, and states a preference for selective exposure to energy infrastructure and short-term income over broad market bets.

1. Buffers that helped cushion the hit to economic growth from the Middle East energy shock are described as thinning.
2. Supply constraints are said to be moving downstream to shipping and refining.
3. The firm says selectivity is critical as new vulnerabilities emerge across regions, sectors and asset classes.
4. BlackRock favors selective exposure to energy infrastructure and short-term income over broad market bets.