Oil marches higher as Middle East tensions flare — ride the energy sector momentum
Fresh military clashes between the U.S. and Iran are pushing oil prices higher for the third day in a row. Because energy costs are rising, a new Federal Reserve report just confirmed that inflation is heating up again across the country.
Idea
Rising geopolitical tension in the Middle East is directly disrupting global oil supplies, sending crude prices up for three straight days. Historically, when oil prices surge due to conflict, major oil companies like ExxonMobil and Chevron see their profit margins expand rapidly. The Federal Reserve also noted that energy costs are driving inflation higher, making commodities a popular safe haven for investors right now. Buying an energy sector fund allows you to profit from this specific crisis without betting on just one company.