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Schwab Network

What a U.S. and Iran Peace Deal Means for Energy

7 min5 augusti 2026

Ben Cook says the prospects for peace in Iran should continue to weigh on crude oil prices. He recognizes the back and forth in messaging between U.S. and Iranian officials has led to volatility in energy trading, but stresses the desires on both sides to reopen the Strait of Hormuz for economic purposes. He adds context to President Trump's calls on major oil producers to cut gas prices. Among Ben's stock picks: Exxon Mobil (XOM), Williams Companies (WMB), Expand Energy (EXE).


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