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Oil spikes as Iran strikes reignite supply fears — load up on Exxon and Chevron

Fresh U.S. military strikes on Iran near the Strait of Hormuz — a critical chokepoint for global oil shipping — have spooked energy markets and sent oil prices sharply higher.

Idea

The Strait of Hormuz handles roughly a fifth of the world's oil supply. Any threat to shipping there instantly pushes crude prices up, which flows straight into the profits of oil producers like ExxonMobil and Chevron. What makes this move more durable is that the conflict keeps escalating — this is the second round of U.S. strikes in three days, and bond markets are already reacting to the inflationary knock-on effect. As long as peace talks remain stalled, oil names have a strong tailwind behind them.

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CVXUSOXLEXOMdaily#geopolitics#energy#momentum

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