Energy stocks may rise further as Iran war disrupts oil supply, pushing prices above $100.

Chevron CEO Mike Wirth expects energy stocks to climb further in 2026 due to supply disruptions from the Iran war and closure of the Strait of Hormuz. Despite a 30% sector gain this year, crude oil prices near $100 are seen as just the beginning, with physical supply shortages causing delays and rationing in some countries. The sustained high demand and limited fuel availability could boost oil companies' profits, while supportive U.S. policies under the Trump administration favor fossil fuels over renewables. This combination suggests energy stocks have strong growth potential beyond the current geopolitical tensions.