America’s war with Iran has sent a jolt throughout the oil industry and turned energy-sector exchange-traded funds (ETFs) into some of the hottest commodities on the publicly traded markets.
The U.S. and Israel began launching airstrikes in Iran in late February. In the month or so that followed, West Texas Intermediate crude oil futures, which started the year around $58 per barrel, rocketed to more than double that amount. Prices have been acting in a roller-coaster fashion ever since as the market guesses whether the U.S. and Iran will strike some sort of peace deal, but today, WTI remains elevated at $105 per barrel … with no one really sure what the ceiling will be.
The result has been pain at the gas pump, but rewards for those who own stock in Big Oil companies like Exxon Mobil (XOM) and Chevron (CVX), as well as other oil producers. And if you want to grab some of those…
