US strikes Iran near critical oil shipping route — ride the energy surge on oil majors
The U.S. just carried out fresh airstrikes on Iranian military targets near the Strait of Hormuz for the second time this week. Oil prices have jumped nearly 3%, with Brent crude approaching $97 a barrel, because the Strait of Hormuz is a critical shipping route for global oil supplies.
Idea
The Strait of Hormuz handles roughly one-fifth of the world's daily oil shipments, so any military activity near it immediately spooks energy markets. Brent crude has already surged toward $97 a barrel, and with no diplomatic breakthrough in sight, traders are pricing in the risk that shipping disruptions could push oil even higher. Major oil producers like ExxonMobil and Chevron tend to move in the same direction as crude prices, and their stocks often rally hard during geopolitical supply scares. With the conflict escalating rather than cooling, this momentum has room to run.