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Middle East tensions push oil higher for three days straight — ride the energy wave

Oil prices are climbing for the third day in a row as the United States and Iran continue to clash, making it harder to reach a peace agreement. When major conflicts threaten the flow of oil from the Middle East, gas and oil prices typically surge.

Idea

Escalating military tensions between the U.S. and Iran are directly threatening oil shipping routes in the Middle East. Because this conflict appears to be stalling into a longer stalemate rather than quickly resolving, the uncertainty will keep pressure on global oil supplies. This combination of shrinking supply fears and steady demand usually drives energy company stocks higher along with the price of crude oil.

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CVXUSOXLEXOMdaily#macro#energy#geopolitics

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