The Core Report #821 The Markets are Not Consoled with Promises of More Oil Supplies
Mar 12, 2026
Indrani Bagchi, foreign affairs commentator and CEO focusing on India-Iran ties and regional shipping risks. Ankita Pathak, chief macro strategist specializing in asset allocation and commodities. They discuss rising oil prices despite pledged supplies. They examine safe passage through the Strait of Hormuz, rupee weakness, market reactions, and sector plays like metals and chemicals.
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Strategic Releases Signal Prolonged Conflict
- The war in West Asia is driving oil above $100 a barrel and strategic reserve releases failed to calm markets.
- IEA's 400 million barrel release worries markets because logistical speed and signalling prolongment of conflict, says Govindraj Ethiraj.
Hold Allocation And Add Commodities
- Stick to your planned asset allocation but increase commodity exposure to about 20% if you are moderate risk.
- Ankita Pathak recommends majority allocation to precious metals plus selective base and strategic metals for AI infrastructure demand.
Use Cash To Reduce Risk During Deep Crises
- Dial down risk by holding more cash during deep geopolitical crises.
- Ankita says when crisis deepens, institutions recommend higher cash allocations after recovering from excessive bullish positions earlier in 2026.