Oil surges on new Iran strikes — ride the energy rally on Exxon and Chevron
The U.S. just carried out fresh military strikes on Iran for the second time in three days, and oil prices are spiking because traders fear the vital Strait of Hormuz shipping lane could be disrupted. That strait handles roughly a fifth of the world's oil supply.
Idea
Fresh U.S. military strikes on Iran are escalating conflict near the Strait of Hormuz, through which roughly 20% of global oil flows. That is pushing crude prices sharply higher in a single session. When geopolitical risk near critical shipping chokepoints flares up, energy companies like Exxon and Chevron tend to rally hard because higher oil prices flow straight into their profits. The key risk is that a sudden peace deal could reverse the move, so this is a short-term momentum trade, not a long-term hold.