The Hormuz Opportunity

Reason for Hope

The largest wind farm in U.S. history just came online in New Mexico

• 3.6 GW in size or enough to power one million U.S. homes
• Project includes a 550 mile high-voltage DC transmission line to move power from New Mexico to cities in Arizona & California
• It will deliver $1.3 billion in financial benefits to local governments, schools, and landowners over its lifetime

Sources ‍

https://patternenergy.com/sunzia-comes-online/

Main Topic

A few impacts of the Iran war oil shock in Asia

• Japan - Imports 90% of its oil from Middle East. Bank of Japan raised their interest rate to highest since 1995.
• South Korea - their currency matched its lowest ever exchange rate against the dollar this year. The last time they were forced to do so was during 2008’s global financial crisis.
• Philipines - has declared national energy emergency.

Size of current crisis in context- 1970s oil shocks severely affected prices but only cut global supply by 5-7% while current crisis affects 20% of world’s supplies

Sources

https://www.asiafinancial.com/boj-hikes-rate-to-31-year-high-as-oil-falls-further-on-peace-deal

https://www.nytimes.com/2026/03/25/business/iran-war-dollar-rupee-won.html

https://www.bbc.com/news/articles/c78lj4976lvo

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