Oil Stocks and ETFs Surge as Trump’s Hormuz Blockade Raises Tensions

TigerApr 13, 2026 8:19 AM

View all comments（0）



Oil stocks and ETFs jumped in premarket trading. United States Brent Oil Fund LP rose 8%; United States Oil Fund LP and ProShares Ultra Bloomberg Crude Oil rose 7%; Diamondback, Marathon Petroleum, Apache, and Devon rose 4%; ConocoPhillips, Occidental, Cheniere, Spdr S&P Oil & Gas Exploration & Production ETF, Exxon Mobil, and Phillips 66 rose 3%; Valero, Energy Select Sector SPDR Fund, Vanguard Energy ETF, EOG Resources, Baker Hughes, Chevron, and Halliburton rose 2%; BP, Shell, and SLB rose 1%.

Oil prices surged on Monday as the U.S. moved to impose a blockade on Iranian shipping after the collapse of weekend peace talks.

The U.S. move, aimed at putting pressure on Tehran, leaves a fragile ceasefire hanging in the balance and no end in sight to the choke on Middle East energy exports - though the mood on trading floors leaned toward hoping for a resolution.

Brent crude futures were up 7.3% at $102 a barrel - a gain of more than 40% since the war shut navigation of the Strait of Hormuz.

The Wall Street Journal reported Trump and his advisers were weighing limited strikes on Iran, though there were no immediate reports of attacks in the Asia day.

Trump said on Sunday that the price of oil and gasoline may remain high into the midterm elections in the U.S. in November, a rare acknowledgement of the ‌potential political ⁠fallout from the war.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

The Week Ahead: US August PCE and September Nonfarm Payrolls Take Center Stage, Micron Earnings in Focus

TradingKey - In the coming week (September 28 to October 2, ET), US markets will face the most concentrated macroeconomic data window between late September and early October. Key reports—including the US August PCE Price Index, September Nonfarm Payrolls report, ADP employment, JOLTS job openings, and the ISM Manufacturing Index—will be released in succession, providing fresh evidence for the market to gauge the Federal Reserve's next interest rate path.

AI Agents Are Transforming E-Commerce: Who Will Be the Biggest Winner Among Meta, Shopify, and Amazon?

TradingKey - In the past, consumers typically had to visit Amazon or brand websites to search for products, compare prices, read reviews, and complete payments. Today, AI agents can first understand user needs, then proactively search for products, compare options, and even complete checkout and follow-up tasks. As a result, e-commerce may see a shift in entry points.

AMD vs. Broadcom: Which AI Chip Stock Is Better for Long-Term Investment? Comprehensive Comparison of AMD and AVGO

TradingKey - As AI data center investment continues to grow, both AMD (AMD) and Broadcom (AVGO) have emerged as key AI chip plays alongside Nvidia (NVDA), but the two companies have distinct business models. AMD primarily competes in the general-purpose AI computing market through its Instinct GPUs, EPYC server CPUs, and Helios rack systems, while Broadcom focuses on developing custom AI accelerators (ASIC/XPU) for major clients such as Google (GOOGL), OpenAI, and Anthropic, alongside high-speed networking chips. So, which of these two companies is the better long-term investment?

Micron Earnings Preview: Five Key Things Memory Investors Need to Watch

TradingKey - Micron Technology (MU) will report its fourth-quarter fiscal 2026 financial results after the market close on September 30, Eastern Time, and hold an earnings conference call at 16:30 on the same day.

Meta Connect 2026 New Product Roundup: Muse Integrated Into AI Glasses, Can It Drive Meta Revenue Growth?

TradingKey - At the Connect 2026 conference held from September 23 to 24, Meta (META) unveiled the Ray-Ban Meta Audio, third-generation Ray-Ban Meta, and Meta VR Glasses, while upgrading the Meta Ray-Ban Display. The company also announced the integration of its personal AI agent, Muse, into its AI glasses, expanding its product scope from mobile phones and social apps to wearable devices.

Featured Tools