Tensions between the US and Iran escalate, oil prices rise by 3%
2026-09-02 00:47:29
According to CoinMeta, as the conflict between the United States and Iran escalated, oil prices rose by 3%, which drove up energy stocks including Chevron (Chevron) and ExxonMobil (Exxon), with both companies seeing an increase of about 1.5% at the opening on Monday. In addition, Chevron reported earnings of $12.1 billion in the second quarter. Mike Wells (Mike Wirth), CEO of Chevron, stated that the impact of the conflicts from the Middle East was mainly concentrated in certain regions, accounting for about 1% of total production in the second quarter. Meanwhile, ExxonMobil disclosed in its first-quarter report losses of $706 million due to disruptions in supply from the Middle East.
Bullish 0
Bearish 0
Source:Internet
This content is for market information only and does not constitute investment advice.