just saw oil spike 4% overnight cuz of the potential strikes on iran. brent is already at $71.72 and wti is hitting $66.67. if this escalates during ramadan, i feel like global supply chains r totally cooked lol.
im trying to see if this is just military posturing or if i should rotate my tech gains into oil and defense stocks (like chevron or lockheed) before the weekend. i don't want to be the last one holding tech if inflation stays sticky