Iran Escalates: Is Oil About To Soar?

The conflict in the Middle East became hotter in recent days, as tensions rose and Iran started shooting rockets at Israel again, which it had not done since April. Oil prices ( CO1:COM Analyst’s Disclosure: I/we have a beneficial long position in the shares of PBR.A, CVE, CNQ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.