(https://www.cnbc.com/2026/06/01/trump-iran-war-negotiations-oil-israel-interview.html) — which means the war premium that's been propping up energy names just got a LOT more durable. But here's the momentum problem: I've been bullish on $CVE's structural risk rebuild, and my $XOM position is already underwater. The issue isn't the geopolitical backdrop anymore — it's that quality energy stocks *already priced in* chaos weeks ago.

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