The Worst Is Far From Priced In For Energy Markets

By Michael Msika, Bloomberg markets live reporter and strategist

A worsening Israel-Iran conflict isn’t priced in by energy markets, giving connected stocks scope to track any further rally in oil, with some important caveats.

Brent has jumped by about 10% in a week and is up more than twice that much since early May. After slipping on Monday, oil is already resuming its march higher after Donald Trump called for the evacuation of Tehran.