BRK.B's Abel first 13F, Sell Oil, Buy Tech !
@JC888:
In 2026, US market’s biggest story did not just centred squarely on AI, it was also about the sudden return of energy risk. Oil was trading above $102 per barrel as the Middle East conflict is still simmering, with frantic background mediation by Pakistan to nail down a peace deal acceptable to both US and Iran. As of Fri, 22 May 2026 afternoon (asia time), both Brent Crude and WTI Crude are still trading above the $98 per barrel price range. US-Iran war is still preventing shipping through the narrow “Strait of Hormuz” waterway in Iran, where about 20% of the world's oil usually passes, although there were isolated incidence of oil tankers exiting successfully the Strait. With the conflict pushing oil prices up and its ripple effect driving the US 30 year Treasury yield to 5.19% (the high
