Iran: The Straw That Potentially Breaks The Camel's Back

Bret JensenInvesting Group LeaderFollow5ShareSavePlay(8min)Comments(2)SummaryOil prices surged 35% in a single week after the outbreak of war in Iran. The largest one-week gain since oil futures began in 1983.It is hard to see how this conflict is resolved over the short term, and more volatility could be on the way for investors.Surging oil prices could well knock the global economy into a recession if they are sustained, as AI-related tech spending is one of the few drivers of GDP growth.The article below highlights how oil surges have played out in the market historically and my game plan for the weeks ahead.Looking for a helping hand in the market? Members of The Biotech Forum get exclusive ideas and guidance to navigate any climate. Learn More » matejmo/iStock via Getty Images Oil rose 35% in one week following the opening salvos of the war in Iran last week. It was the biggest one-week move since oil futures began trading in 1983. Not surprisingly, stocks sold off not only in theThis article was written byBret Jensen56.93K FollowersFollowBret Jensen has over 13 years as a market analyst, helping investors find big winners in the biotech sector. Bret specializes in high beta sectors with potentially large investor returns.Bret leads the investing group The Biotech Forum, in which he and his team offer a model portfolio with their favorite 12-20 high upside biotech stocks, live chat to discuss trade ideas, and weekly research and option trades. The group also provides market commentary and a portfolio update every weekend. Learn More.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.