🟢 SU is trading 4% up today as crude prices jump on U.S.–Iran hostilities

SU is trading 4% up at $58.95 as crude prices surge following renewed U.S.–Iran hostilities in the Strait of Hormuz.

• Brent and WTI crude prices have jumped over 6%, boosting oil producers like Suncor that are leveraged to higher crude prices.
• Investors are rotating into the energy sector while broader market indices trade lower.
• The move appears primarily macro and sector-driven, as no fresh company-specific headlines or earnings news have emerged.