Analyst Names Three Energy Stocks as Iran War Chokes Hormuz and Lifts Prices

Overview

• Iran’s attacks near the Strait of Hormuz have slashed tanker traffic that once carried about a fifth of global oil and LNG, creating the biggest energy supply shock in decades.
• Energy prices have jumped, and the author says the U.S. push to end the conflict could send them lower if a deal takes hold.
• The piece backs Brookfield Renewable, citing long-term power contracts that link rates to inflation and a plan to grow earnings more than 10% a year through 2031.
• It also highlights Enbridge, which ships 30% of North America’s oil and 20% of U.S. gas with about 98% of earnings from regulated or take-or-pay terms.
• The author says he is buying Enterprise Products Partners as one of his three highest-conviction picks.