Keyword → CVX

Fragile U.S.-Iran Ceasefire Leaves Strait of Hormuz Blocked, Oil Back Above $100

A two-week ceasefire between the U.S. and Iran sparked a historic rally on Wednesday, but optimism faded Thursday as Iran continued restricting tanker traffic through the Strait of Hormuz, pushing WTI crude back above $100 per barrel and sending equities lower after the prior session's surge.

Trump Declares 2-Week Iran Ceasefire: WTI Oil Crashes 15% to $95.75, Airlines Surge as Markets Whipsaw

President Trump declared a 2-week suspension of US military operations against Iran on April 8, 2026, following a 10-point peace proposal brokered through Pakistani intermediaries. WTI crude oil immediately crashed 15% from $112 to $95.75 per barrel while US equity index futures initially surged 3% before fading to flat. Airlines led all sectors, with United Airlines surging 13.3% and Delta reporting a Q1 2026 earnings beat on the same morning.

Delta Air Lines Posts Q1 2026 EPS Beat as Oil Collapse Reshapes Airline Earnings Outlook

Delta Air Lines reported first-quarter 2026 earnings of $0.64 per share before the market open on April 8, beating the $0.61 consensus estimate by $0.03. Revenue of $14.2 billion came in essentially in line with expectations. The stock declined 1.74% to $65.62 on sell-the-news dynamics, but analysts and traders are focused on the forward guidance, as the same-day oil crash from $112 to $95.75 dramatically transforms Delta's Q2 2026 cost structure and earnings potential.

Trump's Iran Ultimatum Deadline Arrives: Markets Brace for Binary Outcome as Oil Tops $112

President Trump's self-imposed 8 p.m. ET deadline for Iran to reopen the Strait of Hormuz — or face destruction of its civilian infrastructure — arrived Tuesday as global markets churned under binary event risk. WTI crude traded above $112 per barrel while equities oscillated in a narrow range, with the VIX surging nearly 6% to 25.30. A Pakistani-mediated 45-day ceasefire framework known as the Islamabad Accord has emerged from diplomatic back-channels, though sources indicate a deal before the hard deadline remained unlikely.

Energy Crisis Deepens: Hormuz Blockade Removes Nearly One Billion Barrels From Global Supply as Gasoline Hits $4.11

The ongoing blockade of the Strait of Hormuz has removed nearly one billion barrels of oil equivalent from global supply according to TD Securities estimates, as WTI crude climbed to $112.41 per barrel Tuesday. National average gasoline prices reached $4.11 per gallon — 38% above pre-war levels — while the Federal Reserve Bank of Dallas warned a sustained closure could shave 2.9% from quarterly U.S. GDP. Goldman Sachs forecasts WTI could reach $130 if the Strait remains shut through month-end.

Oil Rockets 10% as President Trump Issues Direct Military Warning to Iran — WTI Hits $110 Per Barrel

WTI crude futures surged more than 10% to $110.21 per barrel Thursday after President Trump issued a direct public warning of military action against Iran within two to three weeks, sending energy stocks sharply higher and triggering a wave of defensive positioning across airlines, shipping companies, and consumer-facing businesses with significant fuel-cost exposure.

One Year After Liberation Day — S&P 500 Down 7% YTD but Markets Have Defied the Crash Predictions

Wednesday marked the one-year anniversary of President Trump's April 2, 2025 Liberation Day tariff announcement, and despite a rocky 12 months that saw the Supreme Court strike down IEEPA tariffs and a replacement 15% global baseline imposed, the S&P 500 has not crashed — but it has underperformed dramatically, down 7% year-to-date as global investors reassess American exceptionalism.

S&P 500 Posts Slim Q1 2026 Gain as Tariff Uncertainty and Fed Patience Cap Upside

The S&P 500 closed out Q1 2026 with a modest gain of approximately 2.1%, masking a turbulent quarter defined by persistent tariff escalation, a hawkish-leaning Federal Reserve, and wide sector-level dispersion. Technology and financials led, while consumer discretionary and materials lagged on trade policy headwinds. The quarter ends with investors cautiously positioned ahead of what promises to be a pivotal Q1 earnings season.

U.S. GDP Growth Confirmed at 2.4% for Q4 2025, Beating Initial Estimate

The Bureau of Economic Analysis on Thursday confirmed U.S. GDP expanded at an annualized rate of 2.4% in Q4 2025, topping the advance estimate of 2.3% and reinforcing economic resilience heading into 2026. Upward revisions to consumer spending and nonresidential fixed investment drove the beat, tempering stagflation concerns.