Yardeni Says Buy Energy Stocks Before Iran Ceasefire Ends - ConocoPhillips (NYSE:COP), Chevron (NYSE:CVX)

Ed Yardeni of Yardeni Research has upgraded the Energy sector to overweight, arguing that the recent selloff in oil stocks presents a buying opportunity. He believes that the market is mispricing the duration of the Iran conflict, and that oil prices will not return to pre-war levels due to damage to infrastructure and increased transit costs through the Strait of Hormuz. Yardeni projects Brent crude to trade in a higher range of $75 to $95 post-war, with energy stocks currently undervalued at 16 times forward earnings compared to the broader S&P 500.

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