Energy Stocks Climb as Strait of Hormuz Tensions Reignite

Energy sector shares trended upward Thursday as investors recalibrated for potential disruptions to global crude flows. The assault occurred despite an agreement signed last week intended to normalize shipping through the waterway, signaling that the de-escalation process remains highly volatile.

Separately, major industry players Chevron, Eni, and Repsol confirmed their Venezuelan assets survived the dual earthquakes that struck the nation’s north on Wednesday. While the 7.2 and 7.5-magnitude tremors claimed at least 164 lives and left approximately 1,000 injured, the companies reported that their operational infrastructure remains intact.