Oil could hit $150 as Hormuz stays shut — load up on Exxon and Chevron
The Strait of Hormuz — the world's most important oil shipping route — is effectively shut down because of the Iran war. Exxon is now warning that oil stockpiles will soon hit record lows, which could push crude prices to $150–$160 a barrel.
Idea
The Strait of Hormuz closure has choked off the world's busiest oil shipping lane, and an Exxon executive just publicly warned that inventories will plunge to all-time lows within weeks — pushing physical crude toward $150–$160 a barrel. Even if a ceasefire materializes, analysts say oil won't return to $60 because the supply damage is already done. Oil giants like Exxon and Chevron stand to rake in enormous cash flow at these prices, yet their stocks haven't fully priced in how long this disruption could last. This is a momentum-and-fundamentals trade: rising oil prices directly feed into these companies' profits.