Oil keeps climbing as US-Iran clashes escalate — ride the energy rally with Exxon and Chevron
Oil prices are climbing for the third day in a row because new military clashes between the U.S. and Iran are making investors worried that a peace deal won't happen anytime soon. When tensions rise in the Middle East, the flow of oil is at risk, pushing gas and oil prices higher.
Idea
Military conflicts in the Middle East routinely disrupt global oil shipping routes, restricting supply and driving up prices. With strikes actively happening between the U.S. and Iran, the market is pricing in a higher risk of a prolonged standoff. This specific fear has already pushed oil up for three consecutive days. Investors can ride this momentum by buying energy stocks or oil funds, which directly profit from rising crude prices, while setting a safety net to exit if the situation suddenly cools off.
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News sources
- Oil Gains as US-Iran Clashes Cloud Peace Deal Outlook — Bloomberg
- Stocks dip on new Iran attacks as oil prices rise — Yahoo Finance