# Oil surging toward $97 as US-Iran strikes escalate — load up on big energy stocks

_AI-generated trading idea · LONG · CVX, USO, XLE, XOM_

> Canonical page: https://commonquant.ai/research/for-you/oil-surging-toward-97-as-us-iran-strikes-escalate-load-up-on--45d09b0b-3d53-4aa3-8b11-6e6a7f8ca73f

The US just struck Iranian military targets near the Strait of Hormuz for the second time this week. Oil prices jumped nearly 3% toward $97 a barrel, and there's no sign of a peace deal.

## Idea

The Strait of Hormuz is one of the world's most important oil shipping chokepoints — about a fifth of global oil passes through it. Military strikes this close to the waterway make traders nervous that supply could be disrupted. With no ceasefire in sight and oil already pushing $97, major oil companies like Exxon and Chevron stand to rake in higher profits. Energy stocks have been underowned for months, so this geopolitical shock could force a lot of catch-up buying.

## Key details

- Symbols: CVX, USO, XLE, XOM
- Timeframes: 1D
- Tags: \#geopolitics, \#oil\_energy, \#inflation\_hedge

## Community

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## News sources

- [Iran War: US Strikes Targets Near Hormuz With No Deal in Sight \| The Opening Trade 5/28/2026](https://www.bloomberg.com/news/videos/2026-05-28/the-opening-trade-5-28-2026-video) — Bloomberg
- [Treasuries Resume Decline as US Strikes Push Oil Prices Higher](https://www.bloomberg.com/news/articles/2026-05-28/treasuries-resume-decline-as-us-strikes-push-oil-prices-higher) — Bloomberg

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