Energy stocks gain as oil surges ahead of Trump deadline for Iran on Strait of Hormuz

Marathon Petroleum

07/04/2026 15:36

** S&P 500 energy index .SPNY up 1.3%, tracking higher crude prices O/R

** Brent crude futures LCOc1 up 0.7% at $110.52/barrel, U.S. West Texas Intermediate crude CLc1 gains 3.6% to $116.45/barrel

** Crude prices gain ahead of a deadline set by U.S. President Donald Trump for Iran to open the Strait of Hormuz or face attacks on power plants and other infrastructure

** Energy major Exxon Mobil XOM.N up 1.3%

** Valero Energy VLO.N, Chevron CVX.N, ONEOK OKE.N and Diamondback Energy FANG.O gain between 2% and 3.4%; among the top percentage gainers on the energy index

** Oilfield services companies Halliburton HAL.N and SLB SLB.N up about 0.5% each

** Refiners Marathon Petroleum MPC.N gains 1.8% and PBF Energy PBF.N up ~1%

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))