iShares US Oil & Gas Exploration & Production ETF

IEO

Market cap $526M

Strikes from U.S. and Israel killed Iran's Supreme Leader and other top members of its leadership. Stock futures fell while crude oil spiked 8% higher.

Natural gas prices soared after QatarEnergy halted LNG production following a drone attack on its Ras Laffan complex, increasing worries about supplies through the Strait of Hormuz.

On Monday, QatarEnergy said it ceased production at one of its energy facilities. Production was paused "due to military attacks" on some of the company's operating facilities, QatarEnergy said.

JP Morgan has upgraded two of Europe's largest oil companies and identified its preferred stocks to play a potential surge in oil prices, as full-scale military strikes in the Middle East transform what had been a theoretical supply risk into reality. The US investment bank's European oil and gas team upgraded Eni, the Italian energy major, by two notches to overweight and raised TotalEnergies, the French oil giant, to 'overweight' from 'neutral', while reiterating 'overweight' ratings on Shell PLC (LSE:SHEL, NYSE:SHEL) and Galp, the Portuguese energy company.

DXY jumps on war-driven oil spike and safe-haven flows, testing major resistance as rising crude prices and geopolitical risk reshape dollar outlook.

Gatestone Institute senior fellow Gordon Chang joins ‘Mornings with Maria' to break down the impact of escalating US-Iran tensions on global oil markets and China's reliance on Middle East energy.

Russia's invasion of Ukraine spiked oil prices to over $100. On March 8, 2022, it reached $127.

Tesla stock was lower early Monday, along with stock futures as investors weighed implications from the U.S. war with Iran.

History shows market can recover quite quickly from geopolitical shocks

An unsteady market now faces huge, and undefined, risks tied to a prolonged conflict in the Persian Gulf.