Oil prices and energy stocks rise as traders reassess supply disruptions and tensions in the Strait of Hormuz.

Exxon profits surge $4B amid Middle East conflict-driven oil rally. Crude oil reaching a new all-time high by December 31 at 8.5% YES.

Exxon Mobil shares 1.03% after hours as oil stocks gained following U.S. strikes on Iran amid Middle East tensions.