Shares of energy companies ticked up as oil added to gains amid the renewal of hostilities between the U.S. and Iran over control of the Strait of Hormuz.

Oil prices climbed Monday as Iran expanded strikes on Gulf states. U.S. West Texas Intermediate crude rose and Brent crude futures climbed. Tehran extended strikes on Qatar and…

Oil prices surged by more than 4% after renewed U.S.-Iran hostilities and competing claims over the status of the Strait of Hormuz reignited fears of major supply disruptions.

By Kimberley Kao and Megan Cheah

Oil prices see largest two-day percentage gain in four months on U.S.-Iran fighting

Shares of energy companies ticked up as oil added to gains amid the renewal of hostilities between the U.S. and Iran over control of the Strait of Hormuz.

Shares of companies in the energy sector fell as oil prices hovered around $80 a barrel while the U.S. and Iran battled for control of the Strait of Hormuz.

Energy stocks surged 20% in 2026 amid US-Israel-Iran tensions. Crude oil reaching a new all-time high by December 31 at 12.5% YES.

Oil Futures Make Moderate Gains Awaiting U.S.-Iran Moves

Shares of companies in the energy sector rose as oil prices fell slightly and remained around $80 a barrel amid uncertainty about the future of the U.S.-Iran conflict.