So it seems like the US is preparing a war with IRAN.
Needless to say that this is total insanity.
Probably itīs a giant stunt to raise the chances of Obamas reelection and to get the intention away from the economy. This is a political game that "leaders" always play once they loose support amoung the population. Maybe we wonīt have a war. But the "threat" of a war will probably be held up at least until the presidential election is over.
Here is my take on that from an investing point of view:
If the rhetoric of US officials gets more aggressive over time, oil prices will explode. You think Libya caused a big rally in oil? Wait until the market discounts a war on Iran. In the past week WTI and brent already had quity a rally. Maybe some insiders knew something? Gold will soar as well.
Besides direct commodity investments and ETCīs, oil companies that are NOT engaged in the Middle East might be an interesting buy, like:
- Norwegian Statoil
- Brazilian Petrobras