<div id="readability-page-1"><div>One week after Maersk CEO Vincent Clerc warned CNBC of a &#34;new wake-up call&#34; for global trade amid the ongoing disruption of the Strait of Hormuz and a deepening energy crisis that could intensify further in June, UBS analysts are out with a new note telling clients they have &#34;reactivated&#34; their Global Supply Chain Stress Index in response to increasingly alarming signals emerging across global logistics networks.&#34;Supply chain stress is rising at its fastest pace since the early pandemic,&#34; UBS analyst Pierre Lafourcade wrote in a note on Sunday.Lafourcade explained that global supply chain stress is emerging quickly, with the index rising by 1.2 standard deviations in March and April, the second-largest two-month jump since July 2020.&#34;We are now reactivating it to assess disruptions stemming from the Middle East conflict,&#34; he said, noting that the last time the index was published was in February 2023, or the period in which Covid snarled supply chains.The Global Supply Chain Stress Index is surging again.<img width="500" height="355" src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/2026-05-18_10-45-46.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/2026-05-18_10-45-46.png"/>PMI delivery times are increasing again.<img width="500" height="357" src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/2026-05-18_10-46-12.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/2026-05-18_10-46-12.png"/>The full note can be read by Professional subscribers here at our new Marketdesk.ai portal.Related:<ul><li>Maersk CEO Warns Iran War Is A &#34;New Wake-Up Call&#34; For Global Trade</li><li>Trump's Project Freedom Likely Triggered By Oil Market's One-Month Countdown To Chaos</li></ul>JPMorgan analysts warned that the world is spiraling toward a catastrophic cliff-edge shortage of crude oil if the maritime chokepoint remains blocked for another four weeks.<img width="500" height="307" src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/HHUReTIXEAADYlQ.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/HHUReTIXEAADYlQ.jpg"/>With that said, June is only a few weeks away, and early indications suggest that continued disruption of the maritime chokepoint could begin to materially affect global trade next month, with risks extending well beyond that if the chokepoint remains shuttered.Separately, with Brent back in triple-digit territory, UBS analyst Dimitrios Laloudakis pointed to surging yields worldwide:<blockquote>US yields join G10 peers in estimating rate hikes for 2026. 2y yields comfortably above moving averages. Cross asset implications should drag equities lower, vol higher, and duration to selloff.</blockquote>It appears something has to give if Hormuz remains choked by the end of the month.</div></div>

西方石油

瑞银集团

油气服务 ETF - Market Vectors

瑞银集团已重新启动其全球供应链压力指数，原因是全球物流出现了令人担忧的信号，压力以自疫情初期以来最快的速度上升。该指数在三月和四月显著攀升，引发了对中东冲突可能造成的干扰的担忧。分析师警告称，霍尔木兹海峡的持续封锁可能会对全球贸易产生严重影响，并可能导致石油短缺，而收益率的上升可能会对股票产生负面影响

UBS Reactivates Supply-Chain Stress Watch After Detecting Alarmingly Rapid Deterioration

ZeroHedge

美国石油设备与服务 ETF - iShares

能源业 ETF - Vanguard

2 倍做多彭博原油 ETF - ProShares

标普油气设备与服务 ETF - SPDR

美国 WTI 原油 ETF

美国布伦特原油期货基金

油气开采 ETF - SPDR

炼油公司指数 ETF - VanEck Vectors

标普全球能源股指数 ETF - iShares

能源业 ETF - SPDR

美国油气勘探与生产 ETF - iShares

摩根大通

JPMORGAN CHASE & CO. 4.20% DEP SHS REPSTG 1/400TH PFD SER MM

JPMORGAN CHASE & CO. 6%NON CUM DEP SHS REP 1/400TH PFD SER EE

JPMORGAN CHASE & CO. DEP REP 1/400TH (5.75% NON CUM PFD DD)

JPMORGAN CHASE & CO. 4.625% DEP SH RE 1/400TH INT NO CU PF LL

JPMorgan Chase & Co.

JPMORGAN CHASE & CO. 4.55% DEP SHS REPSTG 1/400TH PFD SER JJ

JPMORGAN CHASE & CO. 4.75 DEP SHS REP 1/400 NCUM PFD SR GG

瑞银集团在发现供应链状况出现令人担忧的快速恶化后，重新启动了供应链压力监测