Skip to contentHome page Seeking Alpha - Power to InvestorsApr 17, 2026, 5:40 AM ETGHAAXVanEck5.26K FollowersCommentsSummaryHormuz disruption tightened global supply; nearly 40% of nitrogen trade and 20% of LNG supply were affected, highlighting ongoing supply chain risks.Gold reached record highs before a correction, while energy was the only sector with positive returns.Copper supply deficits, central bank gold demand and critical minerals demand continue to underpin markets.ttart/iStock via Getty ImagesFrom record gold prices to a fertilizer supply shock, the Strait of Hormuz closure reshaped commodity markets in Q1 2026, accelerating a structural shift in how global resources are valued.A Geopolitical Shock Exposes theThis article was written byVanEck5.26K FollowersVanEck is a global asset management firm offering ETFs, mutual funds, private funds, model portfolios, institutional strategies, separately managed accounts, as well as UCITS funds. Since our founding in 1955, putting our clients’ interests first, in all market environments, has been at the heart of the firm’s mission. VanEck has a long history of looking beyond financial markets to spot trends that create meaningful investment opportunities. We were one of the first U.S. asset managers to give investors access to international markets, which set the tone for identifying asset classes and themes such as gold investing in 1968, emerging markets in 1993, and exchange traded funds in 2006 that later helped shape the investment industry. The firm oversees $161.7 billion in assets as of September 30, 2025. Disclosures: http://ow.ly/SZ9450N5qTJ.CommentsTo ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.Is this happening to you frequently? Please report it on our feedback forum.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.