The US just (https://www.cnbc.com/2026/09/08/us-sanctions-iran-airlines-oil-economy-war.html) under "Operation Economic Outcast," but here's what the market's already figured out: energy prices don't rally on tighter sanctions—they rally on *unexpected* supply cuts. Iran's petroleum exports have been under pressure for months. Adding airline sanctions doesn't change refinery throughput or tanker capacity. CVX posted net margin; XOM at .

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