Geopolitical tensions, including Houthi rebel disruptions in key shipping channels and potential escalation to the Straits of Hormuz, along with protests and closures in oil-producing regions, could drive oil prices significantly higher in the near future.
Therefore, considering the current geopolitical landscape, it could be prudent to add resilient energy stocks Baker Hughes Company (BKR), Sunoco LP (SUN), and Unit Corporation (UNTC) to your portfolio to capitalize on potential opportunities. Let us understand this in more detail.
