Oil keeps climbing as US-Iran tensions rise and China drains its reserves — buy energy stocks for a continued surge
Escalating military clashes between the US and Iran are pushing oil prices up, while China is rapidly draining its emergency oil reserves because the war has cut its imports in half.
Idea
Rising military tensions in the Middle East are directly disrupting the global oil supply, causing prices to rise for three days straight. At the same time, the world's largest oil consumer, China, is burning through its emergency stockpiles because the conflict has choked off their usual imports. If China eventually needs to rush back into the open market to refill their reserves while supplies are still tight, oil prices could surge even higher. Buying into major oil producers or oil-tracking funds right now positions you perfectly to profit from this ongoing supply squeeze.