geopolitical premium

Tech stocks hit records as Nasdaq 100 climbs to 28,706; crude oil falls 3% on Iran Strait deal hopes. Major earnings swings drive individual stocks.

Middle East tensions boost giant energy producers ExxonMobil, Chevron, and Occidental Petroleum through scale and geographic diversification advantages.

$OXY surges near 52-week highs as Middle East tensions push crude above $77-85/barrel. Debt reduction and 8% dividend boost support upside thesis.