Shares of Exxon Mobil (XOM) and Chevron (CVX) rose in early Monday trading, as analysts warned that escalating U.S.-Iran tensions could threaten oil shipments through the Strait of Hormuz, potentially driving up crude prices by $10 to $20 per barrel in a severe disruption scenario.
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U.S.-Iran Tensions Escalate, Strait of Hormuz Risks Drive Up Oil Prices
Deep News01-12 23:50
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