Exxon, Chevron Stocks Rise. Iran Hormuz Strait Closure Would Be Huge for Oil. - Barron's
1. XOM shares rose 0.8% amid Middle East tensions. 2. Iranian parliament voted to close the Strait of Hormuz. 3. Investors see a low chance of actual blockage at 27%. 4. Market reaction remains muted despite geopolitical uncertainty. 5. Future stock movements depend on Iran's next actions.