Where should investors look amid the Iran War?

• Since the conflict started, energy stocks have so far outperformed on oil prices. • Despite an early rout, bonds could rally in the case of a prolonged conflict and economic downturn. • Investors should not overlook wider market trends like AI. As the war in Iran continues, and the outcome remains uncertain, Mike Coop, Morningstar’s Chief Investment Officer for EMEA, discusses where investors can look for returns. Data and information correct at the time of publication (24/3/26).