Oil surges on fresh Iran strikes near Hormuz — ride the energy rally
The U.S. just carried out fresh airstrikes on an Iranian military site near the Strait of Hormuz, a critical shipping chokepoint for global oil. Oil prices jumped nearly 3%, with Brent crude heading toward $97 a barrel.
Idea
The Strait of Hormuz handles roughly one-fifth of the world's oil supply, so any military action nearby instantly spooks energy markets. Brent crude is already pushing $97, and with no diplomatic breakthrough in sight, traders are pricing in the risk that shipping could be disrupted further. Major oil producers like Exxon and Chevron tend to ride these geopolitical waves higher because higher oil prices flow straight into their profits. The energy sector ETF XLE is a simple way to capture this move without betting on a single company.