Exxon & Chevron Under Pressure: Iran Peace Hope Causes Oil Prices to Plunge, Sector Wobbles!

Peace Hope between the USA and Iran causes WTI to plunge by over 9% to around $92.90, and Brent by 11%. Exxon and Chevron lose up to 4%, while APA, ConocoPhillips, and Devon Energy also face pressure. In the short term, the energy sector suffers – but mid-term, lower oil prices could help curb inflation. Peace Signals from Iran Trigger Sell-Off at Major US Oil Companies The major US oil corporations come under significant pressure mid-week as geopolitical easing signals lead to a crash in oil prices. The stocks of Exxon Mobil and Chevron...