Oil surges on US-Iran strikes near Hormuz — ride the energy rally
The US carried out fresh airstrikes on Iranian military targets near the Strait of Hormuz for the second time this week. Oil prices surged because the strait is one of the world's most important shipping channels — any threat of disruption there sends fuel prices sharply higher.
Idea
Brent crude is approaching $97 a barrel after back-to-back US strikes on Iran, and there's no sign of a peace deal. The Strait of Hormuz handles roughly a fifth of all oil shipped worldwide, so every escalation raises the odds of a real supply disruption. When geopolitical tensions hit this critical waterway, energy stocks like Exxon and Chevron tend to rally hard and keep rallying as long as the headlines stay hot. This isn't a one-day spike — it's a multi-day escalation pattern with no resolution in sight, which is exactly the environment where oil momentum trades work best.