Iran War: De-Escalation Could Come Quickly, Sell Oil And Gold Into Strength

2026-03-02 15:26:14 ET

I recently wrote an article about Operation Epic Fury and why I believe the stock market could see a relief rally in the coming days. It seems counterintuitive in some ways to suggest that stocks could rally, especially since the knee-jerk reaction to war breaking out in the Middle East is to buy oil and gold. I am seeing social media posts and articles about how oil prices could surge and cause significant economic damage. The main risk of a super spike in oil prices seems to be associated with the potential risk of Iran closing the Strait of Hormuz....

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