Summary
US-Israel war on Iran Day 34 (April 2026). Trump warns US will hit Iran bridges and power plants “extremely hard for 2-3 weeks.” Oil prices surged past $105/bbl, UN warns of Strait of Hormuz disruption. Kuwait-flagged tanker Al-Salmi reported strike damage March 31.
Key Points
- Day 34 of conflict — US-Israel vs Iran, no end in sight
- Trump escalation — Strikes on Iranian bridges, power plants incoming
- Oil >$105/bbl — Massive surge from supply fear
- Hormuz Strait risk — UN warns of disruption, 20% of global oil passes through
- UAE Fujairah port smoke — Satellite imagery confirms March 15, 2026 port damage
- Kuwait tanker Al-Salmi — Hit March 31, 2026
Portfolio Impact
🟢 BULLISH — Oil spike helps PGEO & MEDC
Your PGEO (1,011 avg) — Geothermal defensive + oil correlation sympathy:
- Oil >$105 = energy sector rotation
- Geothermal = inflation hedge + ESG clean energy
- PGEO breakout watch: If oil stays >$100, PGEO could re-rate to 1,200+
Indonesia stocks (IHSG):
- Oil shock = bad for import bills (Indonesia net oil importer)
- BUT Pertamina plays = hedge
- Risk: If Hormuz closes, global recession → all stocks dump
Trade thesis: Oil war premium = energy sector leadership. PGEO your best defensive oil play. Watch for PGEO >1,100 on this oil move.