VanEck Oil Services ETF

OIH

Market cap $2.48B

It's hard to overstate just how unusual trading was on Tuesday.

Motorists are already on high alert for any changes to prices for gasoline at the pump as the U.S. conflict with Iran spreads beyond last weekend's air strikes.

Crude oil spiked to a 36-week high, testing trendline resistance and key moving averages, while symmetry in price and time suggests a potential near-term reversal.

Trump says U.S. Navy will escort tankers through key Hormuz. That couldn't come soon enough for strained Middle Eastern storage facilities and looming production cuts.

President Donald Trump says the US will escort oil tankers and other vessels through the Strait of Hormuz if needed. Energy prices stabilized.

As oil prices jump on fears of a prolonged Iran conflict, investors are looking to gold, energy stocks, dividend payers, and alternatives for protection.

The Strait of Hormuz remains closed, disrupting oil supplies.

High oil prices can be expected for “a little while,” President Donald Trump said Tuesday, as he predicted a significant fall for crude when the U.S. operation against Iran ends.

Traders initially treated the Iran conflict as just another geopolitical blip. That assumption is becoming harder to defend, Carolyn Kissane writes in a guest commentary.

U.S. President Donald Trump will review a set of policy options on Tuesday aimed at controlling energy prices amid the escalating Middle East conflict, including a proposal for ​the government to help oil tankers in the region obtain insurance, two sources said.