The energy market has done a reasonable job of shifting demand amid the strain of increased oil reserve consumption, says Michael Shaw, director and portfolio manager on the Canadian small cap strategy at Franklin Templeton’s ClearBridge Investments.

The U.S. and Israel’s ongoing war on Iran, which started at the end of February, has resulted in limited supply lanes through the Strait of Hormuz, which normally sees the flow of nearly a fifth of the world’s supply of oil.

Read: Iran conflict impacting oil prices, testing geopolitics as investment macro driver: expert

While several analysts have stated June 1 is the latest possible date for a resolution before the global........

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