Topic Intelligence: stalkerware

Exxon Mobil and Chevron reported earnings declines as U.S.-Israel military action against Iran disrupted oil shipments and spiked crude prices after two months of depressed trading. National average gasoline hit $4.30 per gallon, the highest in four years, with jet fuel doubling.

Energy majors face margin compression despite higher nominal prices—early-year hedges locked in lower rates before the spike. Downstream refiners benefit, but upstream producers see earnings pressure from timing mismatches and supply chain disruption costs.

Consumer spending remains resilient despite fuel cost shock, but sustained $4+ gas threatens discretionary demand. The 60-day War Powers Act deadline now constrains Trump administration options, with Defense Secretary Hegseth claiming a ceasefire "pauses" the clock—a legal argument Democrats are challenging.