CITIC Securities: The blockage of the Hormuz Strait continues to ferment, accelerating the restructuring of the global energy landscape.

CITIC Securities Research Report stated that, in the short term, the blockade of the Strait of Hormuz has reshaped energy supply, pushing up oil and shipping logistics costs, benefiting the energy sector and inflation-hedging assets. However, the aviation industry faces severe pressure from doubling fuel costs. In the medium to long term, the global energy trade routes are undergoing structural adjustments, with countries accelerating the diversification of energy supply and building strategic reserves. Energy security and supply chain restructuring will become core variables affecting global asset allocation and industrial layout.