Trump Threatens To Strike Iran's Oil — And Crude Catches A Bid.
President Trump escalated again, threatening further military strikes on Iran and floating the idea of seizing its oil infrastructure.
The Story
President Trump escalated again, threatening further military strikes on Iran and floating the idea of seizing its oil infrastructure. Energy traders did what energy traders do when the Strait of Hormuz is in the headlines — they bid crude up.
This is exactly why I've kept an energy and defense sleeve through a year when it wasn't fashionable. Oil is the cleanest hedge against precisely this kind of headline, and the defense names benefit from a world that keeps re-arming. I'm not adding on the threat — I already own the insurance.
Themes & Tickers In This Article
- ThemeGeopolitics
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