Sovereign Funds With $29 Trillion Pivot to Energy, Flag Dollar Fears
🛢️ SOVEREIGN CAPITAL — $29 trillion rotating into energy while the dollar loses its safe-haven argument. 📌 LOOK CLOSER: SWFs don't telegraph moves — they make them. A coordinated pivot to energy assets signals long-term pricing of Hormuz instability, not a temporary spike. Dollar anxiety among sovereign holders reshapes the risk calculus: if reserve managers are hedging, the Fed's ability to absorb war costs through dollar dominance narrows. GCC funds are both oil beneficiaries and US security dependents — their energy bet is also a hedge against the framework's failure.
