US and Iran Reach Peace Agreement to End War
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 15 2026
0mins
Source: NASDAQ.COM
- Oil Price Plunge: Following the peace agreement between the US and Iran, Brent crude futures fell 5.6% and WTI dropped 5.9% on Monday morning, indicating that the market anticipates a rebalancing of supply and demand, which could lead to declining future profits.
- Oil Stocks Reaction: Chevron Corp (NYSE: CVX) saw its stock drop 3.1%, while Conoco's decline was only about half of Brent's drop, reflecting a cautious market sentiment regarding the oil sector's outlook amidst fluctuating prices.
- Unclear Peace Agreement Details: Although President Trump announced the peace deal and Iran confirmed an immediate ceasefire, the specifics remain ambiguous, such as the handling of Iran's uranium stockpiles and potential US reparations, leaving the market uncertain about the conflict's true resolution.
- Investor Caution: With concerns over the anticipated resumption of oil supply, investors are selling off shares, and despite Chevron not being included in analysts' top stock picks, its price volatility may still significantly influence overall market sentiment.
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Analyst Views on CVX
Wall Street analysts forecast CVX stock price to rise
19 Analyst Rating
15 Buy
4 Hold
0 Sell
Strong Buy
Current: 172.240
Low
158.00
Averages
176.95
High
206.00
Current: 172.240
Low
158.00
Averages
176.95
High
206.00
About CVX
Chevron Corporation is an integrated energy company. The Company produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance its business and industry. The Company’s segments include Upstream and Downstream. Upstream operations consist primarily of exploring for, developing, producing and transporting crude oil and natural gas; liquefaction, transportation and regasification associated with LNG; transporting crude oil by major international oil export pipelines; processing, transporting, storage and marketing of natural gas; carbon capture and storage; and a gas-to-liquids plant. Downstream operations consist primarily of the refining of crude oil into petroleum products; marketing crude oil, refined products, and lubricants; manufacturing and marketing of renewable fuels, and transporting of crude oil and refined products by pipeline, marine vessel, motor equipment and rail car.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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