Attacks on oil and natural gas infrastructure in regions that are critical to global energy supply, especially in the Middle East, are not just routine geopolitical developments for markets. Moves like this can directly trigger supply shocks and create pressure that spreads across the world through energy prices. A contraction on the supply side like this has the potential to slow economies down while also pushing central banks back toward more expansionary and aggressive monetary policy. And that combination can create the foundation for a type of inflationary wave that is historically rare. The most important part of these periods is how markets actually price them. Markets often move higher in the middle of fear. Just like during the pandemic, prices can keep rising even when risk perception is at its peak, and most people struggle to believe the move for a long time. As a result, those who are still outside the market hesitate to enter because uncertainty feels too high. And those who are already inside start looking for the exit on the first pullback. That is what makes this one of the hardest psychological phases of a market, but also one of the most opportunistic.