Markets are being jolted after the US moved to blockade the Strait of Hormuz, sending Brent and WTI sharply higher following failed talks between Washington and Tehran.

But here’s what’s really catching attention, beyond the headline rally, there are signs of a deeper strain, with a growing disconnect between what’s happening in the physical oil market and what’s being priced on financial screens.

So the question now: are markets underestimating the scale of this disruption?

On Wealth Tracker, Hongbin Jeong speaks to Gerald Gan, Chief Investment Officer at Reed Capital Partners, to find out more.