Watch Oil Gains as Middle East, Russia Hostilities Imperil Flows

Directly affected

• No company is named in this report.

Indirectly affected

• LMT Lockheed Martin

  Defense contractors get more work when conflict spending rises

• RTX RTX

  Defense contractors get more work when conflict spending rises

• NOC Northrop Grumman

  Defense contractors get more work when conflict spending rises

• XLE Energy Select Sector SPDR

  Energy prices move when Russian supply is at risk

• GD General Dynamics

  Defense contractors get more work when conflict spending rises

• ITA iShares U.S. Aerospace & Defense

  A fund of aerospace and defense companies

• XOM Exxon Mobil

  Oil producers earn more when crude prices rise

• CVX Chevron

  Oil producers earn more when crude prices rise

• USO United States Oil Fund

  This fund moves with oil prices

• WEAT Teucrium Wheat

  Wheat prices rise when Black Sea grain is disrupted

Price reaction, T-5 to T+3