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Market Impact: 0.55

Not All Natural Resources Stocks Win in Iran War Rally

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Geopolitics & WarEnergy Markets & PricesCommodities & Raw MaterialsMarket Technicals & FlowsInvestor Sentiment & Positioning

T. Rowe Price Natural Resource ETF (TURF) has gained 33.8% since its June 2025 inception, driven by an energy rally linked to the Iran conflict. Portfolio managers say they see further opportunity from structural shifts beyond a potential Strait of Hormuz closure, suggesting positioning that looks through near-term geopolitical supply shocks.

Analysis

T. Rowe Price Natural Resource ETF (TURF) has gained 33.8% since its June 2025 inception, driven by an energy rally linked to the Iran conflict. Portfolio managers say they see further opportunity from structural shifts beyond a potential Strait of Hormuz closure, suggesting positioning that looks through near-term geopolitical supply shocks.

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