Experts urge investors not to reposition portfolios in wake of 'inferno' Iran-US crisis

Oil and gas stocks rise amid escalating tensions

US President Donald Trump's missile attack on Iran, killing Major General Qasem Soleimani, has "transformed a simmering but manageable pot into an inferno", according to one investment professional, but the industry is urging investors not to reposition portfolios in the wake of the Iran-US crisis.

Since the incident, Iran has retaliated by launching a missile strike at Iraqi air bases housing US forces, in what it described as an act of self-defence.  The US followed suit with a letter to the UN describing its killing of Soleimani as an act of self-defence and announcing it is "ready to engage without preconditions in serious negotiations". Commodities boost The spot price of Brent Crude oil spiked at over $70 per barrel as a result of the strike, rising more than 5% from its year-end value, but has since corrected to $66 per barrel at the time of writing.  Market Movers B...