Oil spikes on U.S. airstrikes near Hormuz — jump on energy stocks before they catch up
The U.S. just carried out airstrikes on Iranian military targets near the Strait of Hormuz for the second time this week, pushing oil prices sharply higher and rattling stock markets worldwide.
Idea
Brent crude just jumped nearly 3% toward $97 a barrel after U.S. airstrikes hit Iranian targets near the Strait of Hormuz — one of the world's most critical oil chokepoints. Each time military conflict has flared near this waterway over the past two decades, major oil stocks like Exxon and Chevron have rallied hard in the following weeks as traders price in supply disruption risk. What makes this setup especially interesting is that energy stocks had been lagging the broader market, so they have room to run. If tensions escalate further or oil stays elevated above $95, these companies stand to reap windfall profits that could send their shares noticeably higher.