US strikes near Hormuz send oil surging — grab energy stocks before they run hotter
The U.S. just carried out fresh airstrikes on Iranian military targets near the Strait of Hormuz, reigniting fears that one of the world's most important oil shipping routes could be disrupted. Oil prices have jumped nearly 3%, pushing Brent crude toward $97 a barrel.
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The Strait of Hormuz handles roughly 20% of the world's daily oil shipments, so any military escalation nearby directly threatens global supply. With U.S. strikes happening for the second time this week and no ceasefire deal in sight, the risk of further disruptions is real and growing. Oil producers like ExxonMobil and Chevron stand to benefit as higher oil prices flow straight to their bottom line. This isn't just a one-day spike — ongoing conflict means energy stocks could keep climbing as long as tensions remain elevated.