1. Military exercises in South Korea injured eight civilians and damaged property. 2. Such incidents could escalate geopolitical tensions, impacting energy stocks like SHEL.
Heightened geopolitical risks, like military conflicts, can influence oil prices negatively, similar to how tensions with Russia affected energy stocks in 2021.
Current military actions may indicate increased volatility in energy markets, reflecting on SHEL's performance.
Immediate concerns over geopolitical stability may lead to short-term volatility in oil markets and associated stocks.