At the same time, storage and semiconductor names such as $Micron Technology(MU)$ and $Western Digital(WDC)$ pulled back, showing a clear risk-off rotation. Higher oil prices revive inflation concerns, which continue to pressure tech valuations.
From a strategy angle, oil stocks offer tactical opportunities but come with volatility. With both escalation and diplomacy in play, price action will likely stay headline-driven, making this more of a short-term trade than a long-term hold.
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