Global energy: is it a temporary disruption or a lasting break?

After oil spiked above $119 and markets panicked, the waters have calmed a little. Philip Petursson, Chief Investment Strategist at IG Wealth Management, discusses whether the current energy crisis will be a temporary operational shock or a lasting supply break. He explains that the system is clogging rather than cutting off completely, how supply-driven shock differs from demand overheating, and what signals investors should monitor to distinguish whether this is just short-term volatility or if the impact could be longer lasting.