Changes in US stocks | Oil stocks generally rose Phillips 66 (PSX.US) rose nearly 4%

The Zhitong Finance App learned that oil stocks generally rose on Monday. Phillips 66 (PSX.US), Marathon Crude Oil (MPC.US), and Valero Energy (VLO.US) rose nearly 4%, all reaching record highs; ExxonMobil (XOM.US) rose more than 2%, and Occidental Petroleum (OXY.US) rose more than 1%. According to the news, WTI crude oil futures surged more than 3% to 73.59 US dollars; Brent crude oil futures also rose more than 3% to 78.38 US dollars.

On July 13, local time, Iranian Foreign Ministry spokesman Bagae said that the memorandum of understanding with the US “has undoubtedly entered a crisis phase.” Furthermore, according to Iranian TV reports, the Iranian side said that the Strait of Hormuz is still closed due to the US military's violation of the memorandum of understanding. The purpose of closing the Strait of Hormuz is to establish Iran's sovereignty over the strait in accordance with the Islamabad Memorandum of Understanding.