Oil and Defense Higher; Newmont Safe Haven; Adobe Tumbles
On this episode of Stock Movers:- Exxon (XOM) shares are higher this morning as Israel strikes Iran. Oil prices surged double digits after Israel carried out strikes against Iran, raising fears of a wider war in the region. The Strait of Hormuz, a critical oil chokepoint, is a key concern, with the potential for Tehran to retaliate and block the strait, and OPEC+ spare capacity potentially being challenged in such a scenario.- RTX Corp. (RTX) is higher this morning along with other defense stocks on the S&P as geopolitical tensions rise over Israel's strikes on Iran. It launched airstrikes…
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