With Hormuz closed and rate hikes back in play, five oil and gas stocks built to ride the crude surge without leaning on cheap debt.

The U.S. and Iran disputed whether Hormuz was open to ship traffic after trading strikes over the weekend.

Crude oil prices soared nearly 5% on July 13, with Brent nearing $80 per barrel, as escalating US-Iran strikes fueled market volatility and supply concerns.

Oil prices climbed as renewed US-Iran attacks raised concerns over Strait of Hormuz and Red Sea supplies, pushing Brent above $85 a barrel.