Middle East tensions keep pushing oil higher — ride the energy rally with Exxon and Chevron
The U.S. just launched another round of military strikes against Iran, pushing oil prices even higher. This ongoing conflict is directly causing energy prices to spike, which just drove U.S. inflation up to a three-year high of 4.2%.
Idea
With the U.S. conducting fresh strikes on Iran for the second day in a row, the conflict shows no signs of cooling off. Every time tensions flare in the Middle East, energy flows are threatened, which pushes oil prices up. We are already seeing this happen in real-time, which is a major reason inflation just hit 4.2%. As long as the fighting continues, oil companies are positioned to keep making money from the rising price of crude. Buying a basket of major energy stocks or an oil fund is a straightforward way to ride this wave.