Donald Trump's Iran Blockade Announcement Sent Oil Prices Surging and the Dow Falling
Oil prices surged and the Dow fell following President Trump's announcement of a new blockade on Iranian ports. The article suggests that geopolitical volatility makes large, diversified energy companies like ExxonMobil and Chevron safer bets for investors.
The geopolitical conflict in the Middle East isn't good news for the world. Not only is there destruction and loss of life, but the energy market isn't functioning normally. Oil and natural gas are commodities, so reduced supply leads to higher prices. You are already seeing the impact at the gas pump, but high energy prices will eventually raise the prices of other products, too.
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