Keyword → COP

ExxonMobil Gains 1.6%, Chevron 1.9%, ConocoPhillips 2.2% as Iran Re-Escalation Reverses Energy Sector's June Slide

ExxonMobil, Chevron, and ConocoPhillips gained 1.6%, 1.9%, and 2.2% respectively as Iran's renewed attacks on Strait of Hormuz shipping reversed the oil supply easing trade that had weighed on energy stocks since the June ceasefire. The US Treasury also revoked the waiver allowing Iran to sell oil globally, a move that could materially re-tighten the crude market. Energy is the sole S&P 500 sector in positive territory as broader equity markets sink.