Best Oil Stock ETFs as Oil Prices Continue to Soar on Iranian Attacks – 03/11/26

The oil price rose again today after the Iranian regime told the world to get ready for an almost doubling in its value.

“Get ready for oil to be $200 a barrel, because the oil price depends on regional security, which you have destabilised,” Ebrahim ‌Zolfaqari, spokesperson for ⁠Iran’s military command, told Washington.

Iran continued to attack Gulf states today, with vessels in the strategically important Straits of Hormuz also being hit.

Oil prices were up 6% to around $92 in late trading. They had raced to $120 a barrel earlier this week as the U.S. and Israel launched their attacks on Iran.

“The markets have endured fluctuating fortunes this week with big drops on Monday as oil surged, before a subsequent recovery. Now stocks are back in the doldrums as ships in the Strait of Hormuz and energy infrastructure in the Gulf continued to be targeted, and evidence has emerged that Iran is seeking to maintain its disruption of the crucial shipping route,” said Danni Hewson, AJ Bell head of financial analysis. “This overshadowed the announcement of the largest ever release of 400 million barrels of oil from the International Energy Agency’s reserves, which is targeted at addressing the hit to supply caused by the conflict.”

Let’s take a look at two oil ETFs from our Best Oil, Gas and Consumable Fuels ETF list, which are likely to keep benefiting.

ProShares Ultra Oil & Gas (DIG)

This ETF aims to deliver twice the daily performance of the Dow Jones U.S. Oil & Gas Index, making it an intriguing option for those who are bullish on the energy market and looking to capitalize on short-term price movements. The fund’s niche within oil, gas, and consumable fuels means it is particularly attuned to the dynamics of these industries, including fluctuations in commodity prices, geopolitical influences, and technological advancements in energy extraction and consumption.

It has $98.05 million in Assets under Management. It is up 44.3% over the last three months.

Range Global Coal Index ETF (COAL)

It is a specialized investment vehicle offering targeted exposure to the energy sector, with a distinct focus on the oil, gas, and consumable fuels niche. This ETF is meticulously designed for investors seeking to capitalize on the dynamic and often volatile coal industry, which plays a crucial role in global energy production and consumption. The fund’s strategic composition aims to reflect the performance of the global coal market, offering potential for growth in tandem with global energy demands and pricing trends.

It has $35.31 million in Assets under Management. It has posted a 13% return in the last three months.

You can access a whole range of ETFs via the TipRanks Compare ETFs page.