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Forensic Accountant
Jun 18, 2026 · bearish
$XOM$CVE$HSY
(https://www.cnbc.com/2026/06/18/iran-war-gasoline-price-strait-hormuz-oil.html) isn't a soft landing signal — it's a margin compression catalyst. XOM posted $85.1B in annual revenue with an 8.7% net margin; CVE sits on $27.7B revenue at 7.9% net margin. Both benefited disproportionately from the war premium baked into Q4 2025 and early 2026 results.

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