Energy Shock: Three Scenarios for Investors Amid the Iran Conflict Amid escalating tensions in the Middle East, global financial markets have entered what can best be described as the “fog of war” phase. For investors, the focal point remains clear: energy markets. Oil, as the most sensitive barometer of geopolitical risk, is reacting swiftly to developments surrounding Iran and the strategic Strait of Hormuz. Over the past week, investor sentiment has shifted across three di