Oil rockets toward $97 on US-Iran strikes — energy stocks are the way to play it
The U.S. military struck Iranian targets near the Strait of Hormuz for the second time this week, pushing Brent crude oil toward $97 a barrel. Energy stocks should climb as long as the conflict keeps oil prices elevated.
Idea
Fresh U.S. airstrikes on Iranian military sites pushed Brent crude close to $97 a barrel, and a true ceasefire still isn't locked in — the existing truce has already broken once this week. Every day the standoff drags on, a risk premium stays baked into oil prices, which flows straight to the bottom line of producers like Exxon and Chevron. These stocks tend to move in lockstep with crude, and they haven't fully priced in a sustained stretch above $95. Even if diplomacy eventually wins out, history shows these negotiations take weeks, giving energy names room to run in the meantime.