A new energy shock has struck global markets as the U.S.-Israeli war against Iran enters its second week. Oil prices briefly shot over $115 per barrel in the overnight session on Sunday, March 8, before settling back under $90 by Monday evening. Still, oil prices have jumped more than 30% in the last month, and gas prices are quickly approaching a $4 average in the U.S. Energy disruptions have a global impact, but not every country or sector is affected equally. A few market areas could feel more pressure than others, and the funds covering them are ones investors might want to sidestep while the conflict plays out.
