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A sailor observes the oil tanker HELGA, which is moored at one of Iraq’s southern offshore oil terminals near Basra, as it prepares to load crude oil, becoming the second vessel to arrive since the closure of the Strait of Hormuz, April 24, 2026. <\/p>\n
Mohammed Aty | Reuters<\/p>\n<\/div>\n<\/div>\n<\/div>\n
The past week’s earnings from the energy sector demonstrated just how much the U.S.-Iran war has contributed to the short-term performance of major players in the oil market \u2014 and to the portfolio gains of investors who targeted stock opportunities in the sector. The sums are massive, but sitting on those gains for too long could be a mistake, according to investing experts.<\/p>\n
ExxonMobil<\/a>\u00a0and\u00a0Chevron<\/a> reported quarterly profits on Friday that surged<\/a> due to the war’s impact on oil prices, with Exxon’s profits doubling year-over-year to $14.5 billion and Chevron’s net income increasing close to 400%.<\/p>\n “We’re kind of firing on all cylinders, which is good, because the world needs it,” CEO Mike Wirth told CNBC’s Becky Quick on Friday.<\/p>\n From April through June, U.S. crude oil futures<\/a>