Oil prices rise as failed deal between U.S. and Iran raises risk of prolonged war

The rise in oil prices is likely to have a direct impact on energy stocks, with potential benefits for companies like ExxonMobil (XOM) and Chevron (CVX), while possibly pressuring airlines and other oil-intensive industries. Additionally, this increase may lead to higher inflation expectations, influencing gold prices (XAU) and potentially affecting the broader equity market, particularly sectors sensitive to energy costs.