Fresh US strikes in Iran threaten oil shipments — buy energy before prices spike
New U.S. military strikes in Iran are reigniting fears that oil shipments through the Strait of Hormuz — a chokepoint for roughly one-fifth of the world's oil — could be disrupted, pushing crude prices higher.
Idea
The Iran situation has been whipsawing oil prices for days — first crashing on peace hopes, now spiking on fresh military strikes. This kind of uncertainty doesn't resolve quickly, which means oil could stay elevated or keep climbing as long as the Strait of Hormuz remains at risk. An analyst is already warning that $5-per-gallon gas is possible this summer if flows don't resume. Major oil producers like Exxon and Chevron tend to rally when crude prices surge because their profits are directly tied to the price of each barrel they sell.