Energy stocks have enjoyed a strong rally this year, driven primarily by supply disruptions in the Middle East and the Russia-Ukraine war. The blockage on the Strait of Hormuz has choked around a third of the global crude oil and LNG supplies, pushing prices and margins to multi-year highs.
As a result, the overall energy sector has surged by 40.68% since the beginning of 2026, significantly outperforming the 10.70% gains delivered by the wider market.
