Reported about 1 month ago
On June 13, 2025, oil-related stocks surged following Israel's military strike on Iran's nuclear facilities, causing crude prices to rise sharply. Fears of escalating conflict in the Middle East drove West Texas Intermediate futures up 7%, marking a peak since January, while Brent crude prices also increased. Companies like Diamondback Energy, Occidental Petroleum, and Halliburton saw significant gains, as did defense contractors like Lockheed Martin and Northrup Grumman, amid escalating tensions.
Source: YAHOO