Iran Vows Revenge after Airstrike as Energy Sector Outperforms
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Iran has vowed revenge after an airstrike killed top generals and advisors in Syria, escalating Middle East tensions.
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The energy sector has been the top performing US market sector, surging 11.5% over the past month.
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Most Wall Street analysts have been too conservative in their oil price forecasts for Q2 despite market tightening.
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Fundamentals remain strong, with OPEC having room to increase output without causing oversupply or price drops.
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Some Wall Street firms are turning bullish on energy stocks due to attractive valuations and upside potential.