UK Stocks Are Favorite Geopolitical Hedge, Citi’s Manthey Says

The UK stock market could offer investors the best protection against an escalation in geopolitical tensions, Citigroup Inc. strategists say, given its high exposure to energy firms and traditional defensive shares.

Oil prices have jumped by around 10% since the conflict between Israel and Iran erupted last week, sparking concerns over a potential hit to the global economy.