Iran war boosts oil price, but oil major shares are stuck on the sidelines

Oil prices climbed to their highest level since 2022 after the U.S.-Israeli war on Iran broke out late last month. Shares of major producers including Shell and Exxon Mobil have recorded only limited gains, indicating traders are pricing the supply disruption as likely short-term and muting broader market impact.

Analysis

Oil prices climbed to their highest level since 2022 after the U.S.-Israeli war on Iran broke out late last month. Shares of major producers including Shell and Exxon Mobil have recorded only limited gains, indicating traders are pricing the supply disruption as likely short-term and muting broader market impact.