US-Iran Conflict Sparks Oil Price Surge Amid Venezuela Deal Hopes

The price of oil surged on Monday following a US-Iran conflict. Chevron rose amid reports of a potential deal between the US and Venezuela.

Oil prices jumped after the US launched airstrikes against Iranian targets in Iraq, escalating tensions in the region.

Chevron's stock also saw an increase as investors reacted to news of a possible agreement between the US and Venezuela, which could lead to the lifting of sanctions on Venezuelan oil exports.

No specific details were provided about the potential deal or its implications for Chevron's operations in the region.