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Oil keeps climbing as US-Iran clashes threaten peace — ride the energy wave

Fighting between the U.S. and Iran is getting worse, and a peace deal looks unlikely. Because the conflict makes oil supplies uncertain, energy prices are rising, which is also pushing up overall inflation.

Idea

Oil has been rising for three straight days because the fighting in the Middle East threatens a major shipping route for crude oil. When this vital shipping lane is at risk, the global oil supply gets squeezed, pushing prices even higher. Additionally, the Federal Reserve just reported that inflation is climbing, specifically driven by these rising energy costs. This combination of restricted supply and growing demand creates a strong upward push for oil company stocks.

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CVXUSOXLEXOMdaily#macro#geopolitics#energy#inflation

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