Oil surges after U.S. strikes near Hormuz — load up on energy before prices climb higher
The U.S. just carried out fresh airstrikes on Iranian military targets near the Strait of Hormuz, a critical oil-shipping chokepoint. Oil prices immediately jumped nearly 3%, pushing Brent crude toward $97 a barrel, with no sign of a peace deal.
Idea
The Strait of Hormuz handles roughly one-fifth of the world's oil supply, so any military action nearby immediately rattles energy markets. This is the second round of U.S. strikes this week and there's no ceasefire in sight, meaning shipping disruptions could get worse before they get better. Oil has already jumped toward $97, and if tensions escalate further, $100+ becomes a real possibility. Major oil producers like Exxon and Chevron tend to rally hard during these episodes, and energy ETFs offer a broader way to play the move without picking a single winner.