This map shows a crude ticking time bomb that hits much of the world's oil supply in April

J.P. Morgan strategists warn that disruptions to oil flows through the Strait of Hormuz over the past four weeks will trigger a sequential global supply shock moving east to west, with much of the world impacted by April. The alert increases upside pressure on oil prices and creates inflation and energy-market risk, suggesting portfolios should monitor energy, shipping lanes and EM import exposures and consider defensive positioning.

Analysis

J.P. Morgan strategists warn that disruptions to oil flows through the Strait of Hormuz over the past four weeks will trigger a sequential global supply shock moving east to west, with much of the world impacted by April. The alert increases upside pressure on oil prices and creates inflation and energy-market risk, suggesting portfolios should monitor energy, shipping lanes and EM import exposures and consider defensive positioning.