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macroJul 8, 2026, 8:39 AM

US Energy Stocks Rise Premarket as Oil Surges After Trump Ends Iran Deal

Oil prices surged following President Trump's announcement that the Iran nuclear deal is over, lifting U.S. energy stocks in premarket trading. Major producers posted gains of 2-4%.

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U.S. energy stocks climbed in premarket trading after President Trump declared the end of the Iran nuclear deal, sending oil prices higher.

Chevron rose 2.4%, Exxon Mobil gained 3%, and ConocoPhillips added 2.2%. Devon Energy advanced 2.5%, while SLB and Halliburton rose 1.3% and 1.8% respectively.

Occidental Petroleum increased 2.6%, APA Corp surged 4.2%, and Diamondback Energy rose 2.4%. The moves reflect market expectations of tighter global oil supply following the collapse of diplomatic talks with Iran.

Source: First Squawk