Charles Schwab, Bloomberg, as of 6/23/2025.

Table shows percentage return. Analysis based on 66 events in the Middle East since 1970. Brent is the leading global price benchmark for Atlantic basin crude oils. Intercontinental Exchange (ICE) Brent crude futures are standardized, exchange-traded contracts that allow traders to buy or sell a specified quantity of Brent crude oil at a set price on a future date.  Futures and futures options trading involves substantial risk and is not suitable for all investors. Please read the Risk Disclosure Statement for Futures and Options prior to trading futures products. Indexes are unmanaged, do not incur management fees, costs and expenses and cannot be invested in directly. Past performance is no guarantee of future results.