Occidental Posts Higher Realized Oil Prices as Iran War Disrupts Markets
🛢️ MARKETS — A US oil major is quietly winning the war Wall Street won't name. 📌 LOOK CLOSER: Hormuz traffic at 13 vessels daily means tighter global supply — Occidental's realized price jump is the balance sheet version of CENTCOM's strike wave. Higher realized prices cushion US energy sector earnings while the Fed flags oil-driven inflation. Congress now sees domestic industry profiting; that softens pressure for a quick deal.
