Shares of companies in the energy sector rose as oil prices rallied and the dispute over the Strait of Hormuz went into the weekend without a clear path for peace.

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.