Oil crossed $114 a barrel in early April 2026, a level not seen since 2022, and iShares Global Energy ETF (NYSEARCA:IXC) was up nearly 29% year-to-date by mid-April, collecting dividends from Riyadh to Rotterdam while the Strait of Hormuz sat effectively closed to tanker traffic.
The Global Energy ETF That Turns a Middle East Crisis Into a Worldwide Dividend Machine
Source: 24/7 Wall Street