The damage wrought on the Middle East’s oil and gas supplies

The damage to Saudi Arabia and Qatar's oil and gas production capacity is likely to lead to a price increase in crude oil, potentially benefiting assets such as XOM, CVX, and COP, while negatively impacting sectors reliant on energy inputs, such as airlines and transportation companies like AAL, DAL, and UPS. This may also lead to a shift in capital flows towards safe-haven assets like gold (XAU) and away from riskier assets.