The Flip Side to Iran War Oil Spike Is Energy Spending Rebound
A sustained jump in oil prices could spur a renewed willingness to invest in energy infrastructure in the US and elsewhere, says ITT CEO.
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Significant exposure to oil and gas markets was an albatross for manufacturers for the better part of the past decade amid a pullback in spending, prompting many companies to get out of the market altogether. But for those who stuck around, the war in Iran may represent an opportunity.