๐ข๏ธ Chevron $CVX +2%, Exxon $XOM +1% as US-Iran clash launches Brent crude to $78
Energy stocks are bucking Monday's selloff as US-Iran military tensions escalated overnight, with President Trump announcing plans to reinstate a blockade on Iranian shipping through the Strait of Hormuz. Brent crude is up roughly 3-4% to around $78/barrel, lifting Chevron (CVX) about 2% and ExxonMobil (XOM) and ConocoPhillips (COP) around 1% while the broader market sinks. Not financial advice. Do you play energy as a geopolitical hedge or steer clear of the volatility?
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