Shares of oil and gas-related companies are trading higher as oil prices rise amid growing expectations that the U.S. could resume strikes on Iran in the coming weeks. Reports of U.S. and Israeli plans for renewed strikes following next month’s midterm elections, coupled with Iran’s military warning that it is prepared for “asymmetric warfare,” are fueling concerns over prolonged supply disruptions and potentially sustaining higher energy prices, which could benefit the sector.

Shares of oil and gas-related companies are trading higher as oil prices rise amid growing expectations that the U.S. could resume strikes on Iran in the coming weeks. Reports of U.S. and Israeli plans for renewed strikes following next month’s midterm elections, coupled with Iran’s military warning that it is prepared for “asymmetric warfare,” are fueling concerns over prolonged supply disruptions and potentially sustaining higher energy prices, which could benefit the sector.