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Oil surges over 5% on extended Iran blockade fears. Leveraged energy ETFs like GUSH, ERX and OILU come into focus for short-term traders.

Energy ETFs gain appeal as oil prices are expected stay above pre-conflict levels, with supply shocks, stalled Iran talks & tight markets indicating sustained price strength.

With the price of crude oil futures rising to the highest level in years amid the Iran war, investors may be looking to strategically shift their allocations to take advantage of the spike. While commodities trading or individual oil stocks are appealing to more active investors, others may look for exchange-traded funds (ETFs) that provide access to the space without the need for the same level of involvement.