Amid the Iran war disrupting global oil supply, major companies including ExxonMobil, Shell, BP, and Chevron are accessing the US oil reserve.
2 reports, 2 independent
Updated Sep 9
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What happened
Amid the Iran war disrupting global oil supply, major companies including ExxonMobil, Shell, BP, and Chevron are accessing the US oil reserve.
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Part of
Oil prices remain high due to the US-Iran war, affecting ExxonMobil and CVX. Meanwhile, investors assess the Fed amid massive AI capital spending by tech giants like Meta and Amazon.Also in this story
- Due to the ongoing Iran war, crude oil prices have spiked, leading to losses among global hedge funds invested in tech stocks.
- The AI boom is straining global supply chains for components while hawkish FED statements push treasury yields higher.