<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

瑞銀集團

油氣服務 ETF - Market Vectors

瑞銀集團已重新啓動其全球供應鏈壓力指數，原因是全球物流出現了令人擔憂的信號，壓力以自疫情初期以來最快的速度上升。該指數在三月和四月顯著攀升，引發了對中東衝突可能造成的干擾的擔憂。分析師警告稱，霍爾木茲海峽的持續封鎖可能會對全球貿易產生嚴重影響，並可能導致石油短缺，而收益率的上升可能會對股票產生負面影響

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

ZeroHedge

美國石油設備與服務 ETF - iShares

能源業 ETF - Vanguard

2 倍做多彭博原油 ETF - ProShares

標普油氣設備與服務 ETF - SPDR

美國 WTI 原油 ETF

美國布倫特原油期貨基金

油氣開採 ETF - SPDR

煉油公司指數 ETF - VanEck Vectors

標普全球能源股指數 ETF - iShares

能源業 ETF - SPDR

美國油氣勘探與生產 ETF - iShares

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JPMorgan Chase & Co.

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瑞銀集團在發現供應鏈狀況出現令人擔憂的快速惡化後，重新啓動了供應鏈壓力監測