Exxon Mobil Drops With Oil After U.S.-Iran Deal
Exxon Mobil shares tumbled 4% to $141.10 as crude prices plunged after a U.S.-Iran framework deal raised hopes for reopening the Strait of Hormuz, intensifying pressure on a stock already under scrutiny for weaker Q1 earnings and margin compression, with Brent and WTI hitting multi-month lows and energy stocks broadly declining.