A $10,000 investment in WTI crude on February 27 would now be worth $10,655, outperforming gold, silver, and Bitcoin.
A $10,000 investment in West Texas Intermediate crude on February 27, the last trading session before the attack, would now be worth $10,655, a 6.6% gain. WTI closed at $67.02 that day and last settled at $71.41, peaking at $112.95 on April 7 amid supply fears.
Oil surged initially as Iran moved to close the Strait of Hormuz, but gains eroded after an interim deal eased tensions. Brent crude followed a similar trajectory, peaking at $118.35 before settling at $76.01, leaving a $10,000 investment worth $10,487.
Gold, silver, and Bitcoin underperformed during the same period, with only oil and Brent posting gains. The war-driven rally in crude lasted about six weeks before retreating as geopolitical risks subsided.