US energy stocks climb as military escalation disrupts Hormuz shipments

Diamondback Energy

13/07/2026 15:22

Updates
** S&P 500 energy index .SPNY gains 2.6%, tracking rising oil prices O/R

    ** Brent crude futures LCOc1 up 3.1% at $78.40/barrel and U.S. West Texas Intermediate crude futures CLc1 rise 3% to $73.56/barrel. Both contracts climbed more than 4% earlier in the session.
  

    ** Oil prices 
    surge
     after renewed military strikes between the U.S. and Iran reignited concerns over energy shipments 
  

    ** Tehran targeted U.S. facilities across the Gulf on Sunday and said it had again closed the Strait of Hormuz; Iran's Revolutionary Guards said on Monday they had attacked U.S. military bases in Kuwait and Bahrain
  

    ** U.S. energy majors Chevron CVX.N adds 1.9% and Exxon Mobil XOM.N jumps 2.5%
  

    ** Valero Energy VLO.N, Phillips 66 PSX.N, Texas Pacific Land Corp TPL.N and Marathon Petroleum MPC.N rise between 3.6% and 4.2%; among top percentage gainers on energy index

    ** Oilfield services companies Baker Hughes BKR.O up ~1% and Halliburton HAL.N rises 2.5%
  

    ** Refiners HF Sinclair DINO.N adds 2.2% and PBF Energy PBF.N gains 5.5%

 (Reporting by Pooja Menon and Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))