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Energy stocks jump amid Iran conflict, with ETFs like XLE and OIH seeing strong gains.

Market News
22 Apr 2026
ETF Trends
View Source
Bullish
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Energy stocks surged due to the Iran conflict, with the Energy Select Sector SPDR ETF (XLE) rising 25% before the strikes and peaking at 41% before settling around 24%. The Strait of Hormuz's strategic importance, carrying 20% of global petroleum and LNG, heightens supply disruption risks. Sub-sectors like oil services (OIH) gained over 40% year-to-date, while nuclear and coal ETFs also saw gains as energy security becomes a key investment theme amid geopolitical tensions. Investors are shifting from tech to energy, anticipating long-term diversification and reliability in energy sources.

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