These 7 Energy Stocks Are Rallying as Crude Tops $90 on US Strikes in Iran
US strikes on Iran near the Strait of Hormuz sent WTI crude up 5.4% to $90.38. Seven energy stocks rallied and the 10-year yield hit 4.80%.
When the US and Iran had military conflict near an important oil shipping area, the price of oil jumped up fast. Energy company stocks went up because higher oil prices usually mean those companies make more money.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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