Middle East tensions keep pushing oil higher — ride the momentum on major energy stocks
Oil prices are climbing for the third day in a row as new clashes between the U.S. and Iran make a peace deal look unlikely. Experts warn that the backup plans for moving oil around the Middle East won't be enough to fix things if the fighting keeps blocking major shipping routes.
Idea
Because the ongoing conflict directly threatens a massive chunk of the world's oil supply, energy companies are positioned to keep benefiting from rising prices. As the situation escalates, the market is realizing that temporary pipelines and alternative shipping routes simply cannot fully replace the blocked pathways. Buying shares of the biggest oil producers is a straightforward way to profit from this extended geopolitical crisis and the resulting high pump prices.