From Morningstar: 2025-06-16 04:04:00

Israel launched strikes on Iran, causing market fear over broader contagion. Brent oil prices rose 7% overnight. Iran may try to close the Strait of Hormuz, which could block up to 12 million barrels of oil. Middle East has few alternative shipping routes after recent Red Sea attacks. OPEC members have spare capacity to offset any Iranian production disruption. Devon and Occidental could be solid investments amid geopolitical conflict risk.



Read more at Morningstar: Israel-Iran Conflict Unlikely to Cripple Oil Flows