🟢 Chevron is trading 3.2% up today as Middle East tensions push oil toward $85

Chevron is trading 3.2% up at €161.44 as renewed U.S.–Iran hostilities push oil prices toward $85 per barrel and elevate geopolitical risk.

• The stock is outperforming weak U.S. equity futures, which are currently pressured by broader tech-led risk-off sentiment.
• Integrated oil majors like Chevron typically see support during periods of heightened global instability and rising energy costs.
• Today’s gain appears driven by the energy sector’s response to Middle East tensions rather than company-specific developments.