US Energy Stocks Climb as Oil Prices Surge After Iran Deal Ends

Hyperdash News07/08/2026 09:04 UTCEquities

US energy stocks are climbing in pre-market trading following President Trump's announcement that the Iran nuclear deal has ended. This news has led to a surge in oil prices. Chevron is up 2.4%, Exxon Mobil has risen 3%, and ConocoPhillips gained 2.2%, driving broader gains across the energy sector.

The termination of the Iran deal removes restrictions on Iran's oil exports, creating uncertainty in global supply. This geopolitical development directly impacts crude oil benchmarks, which in turn influence the valuations of major energy producers. Hyperdash pricing shows

WTI Crude up +0.23%,

Brent Crude up +0.23%, and

Energy Select Sector SPDR ETF up +0.09% since the news.

Sources

First Squawk

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