Middle East tensions brought a shock to the oil (CLQ25) markets, and oil prices remain slightly elevated despite the announced ceasefire between Israel and Iran. The conventional wisdom that caused oil prices to soar beyond $70 was that the “12-Day War” would morph into a regional conflict, one that would last for months or years.
Although that has not happened, many investors are still closely watching the region for any signs of tensions bubbling back up.
