The Iran-Israel war has entered its 15th day, causing crude oil prices to soar to $103 a barrel. They have increased by over 35% so far this year, and expectations are that they could hit the $150 mark if the war continues. In light of the ongoing crisis, brokerage Systematix Institutional Equities has recommended 6 stocks with a potential upside of 103%. Destruction of oil & gas assets amid the West Asia War triggered a strong risk premium in prices. Tightening supply dynamics—owing to the closure of the Strait of Hormuz, elevated tanker freight rates and insurance premiums for vessels—will keep prices high, helping upstream companies in its view.
