Oil Stocks Climb as Trump Rejects Iran's Strait of Hormuz Proposal

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Summary · why it matters

Energy stocks rose in pre-market trading after President Donald Trump rejected an Iranian proposal to reopen the Strait of Hormuz, sending crude oil prices sharply higher. International benchmark Brent crude climbed more than 3% to top $107 a barrel, according to Reuters, extending supply concerns across a chokepoint that historically handles a fifth of global petroleum shipments. Chevron, Exxon Mobil, and the Energy Select Sector SPDR Fund traded higher in pre-market indications, while refiners Valero Energy, Marathon Petroleum, and Phillips 66 advanced overnight alongside rising diesel futures. Among individual movers, U.S. shale exploration and production company Crescent Energy jumped 2.6%, and mixed or offshore upstream exploration and production company Kosmos Energy jumped 2.8%. Sustained crude above $100 expands cash-flow projections for upstream producers, according to Bloomberg, but refiners face headwinds after Trump said the administration is considering a ban on diesel exports to lower domestic fuel costs, which could force refinery run cuts, according to Reuters.

Impact on assets 7

Energy▲ · 3 stocks
Crescent Energy Co
CRGY
▲ PositiveSupplyrelevance

Crescent Energy jumped as Trump's rejection of Iran's Strait of Hormuz proposal tightened crude supply and lifted oil prices, expanding cash flow for shale E&P.

Kosmos Energy Ltd
KOS
▲ PositiveSupplyrelevance

Kosmos Energy jumped 2.8% on the crude supply concerns from the closed Strait of Hormuz lifting oil prices.

Chevron Corp
CVX
▲ PositiveSupplyrelevance

Chevron traded higher as the Strait of Hormuz supply disruption pushed Brent above $107, benefiting upstream producers.

Synthetic Biology (non-pharma)▼ · 3 stocks
Marathon Petroleum Corp
MPC
▼ NegativeTariffrelevance

Marathon Petroleum faces headwinds from Trump's consideration of a diesel export ban, which could force refinery run cuts.

Phillips 66
PSX
▼ NegativeTariffrelevance

Phillips 66 faces headwinds from the potential diesel export ban that could force refinery run cuts.

Valero Energy Corporation
VLO
▼ NegativeTariffrelevance

Trump considering a ban on diesel exports could force refinery run cuts, a headwind for Valero.

Energy Transition & Power Demand▲ · 1 stocks
Exxon Mobil Corp
XOM
▲ PositiveSupplyrelevance

Brent crude above $107 on Strait of Hormuz supply concerns expands cash-flow projections for upstream producer Exxon.

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