Energy stocks replicate the 2022 bull market trend as investors abandon gold for oil to hedge wartime inflation

Golden Ten Data reported on March 4 that the last time armed conflict disrupted the global energy economy, crude oil prices soared above $100, and the stock prices of oil and gas producers rebounded for several months. As the war spreads in the Middle East, a similar trajectory may be repeating itself. After large-scale warfare between the US, Israel, and Iran in the Middle East caused key shipping and refining infrastructure to collapse, oil prices surged in response. The rise in related stocks not only closely follows the trend of oil prices but also serves as a means for investors to hedge against the long-term inflation that may be triggered by sustained high energy prices. Stacey Morris, Head of Energy Research at VettaFi, stated: " " She pointed out that traders holding a long-term inflation outlook may continue to increase their holdings of oil and gas stocks as a hedge, even though these stocks have already risen significantly at the beginning of 2026. She bluntly said: "Although everyone has been educated to 'buy low,' people still like to buy things that are going up."