WS #16740
US strikes on Iranian targets and Russian drone attacks on refineries have pushed Brent crude above $106, creating a severe supply shock narrative. This escalation is directly benefiting energy majors and defense contractors, while airlines and shipping companies face immediate margin headwinds from higher fuel and logistics costs. The geopolitical risk premium is now the primary driver of commodity and equity rotation.
Middle East Oil Shock & Defense
US strikes on Iranian targets and Russian drone attacks on refineries have pushed Brent crude above $106, creating a severe supply shock narrative. This escalation is directly benefiting energy majors and defense contractors, while airlines and shipping companies face immediate margin headwinds from higher fuel and logistics costs. The geopolitical risk premium is now the primary driver of commodity and equity rotation.