Oil surging toward $97 on US-Iran strikes — load up on energy stocks while they're still cheap
The US carried out airstrikes on Iranian military targets near the Strait of Hormuz, pushing oil prices toward $97 a barrel. Then Axios reported a ceasefire extension deal is close, which calmed some nerves — but the situation remains fragile and oil is still elevated.
Idea
US airstrikes on Iranian targets near the Strait of Hormuz — one of the world's most important oil shipping chokepoints — have pushed Brent crude toward $97 a barrel. Even though there's talk of a ceasefire, the situation is volatile and any further escalation could send oil even higher. Energy stocks like ExxonMobil and Chevron tend to move sharply higher when oil prices spike on geopolitical risk, and they've been lagging the broader market recently. If tensions persist or oil holds at these elevated levels, these stocks have room to catch up quickly.