Halliburton, Valero and 3 More Stocks Set Up for a Fragile Hormuz Truce

AI Summary

Brent crude oil prices have fallen more than 20% since the peak of the Iran conflict, though tensions remain as the Strait of Hormuz, a key oil transit chokepoint, experienced nearly four months of disruption. The situation highlights ongoing geopolitical risks impacting the global energy market.

Brent crude has fallen more than 20% in the past month, sliding from triple digits during the worst of the Iran war to around $72 a barrel today. WTI sits near $70. That kind of move usually means one thing: the crisis is over. It isn't, not quite. The Strait of Hormuz, the chokepoint that carries roughly a fifth of the world's seaborne oil, spent nearly four months effectively shut after the U.S. and Israel struck Iran on Feb. 28. Iran mined the strait, fired on tankers and closed the lane to anyone it considered hostile. The U.S. and Iran signed…