# Hormuz Closure and Exxon Stock

> Hormuz strait closure pushes Exxon stock down despite oil prices rising.
- Title: Hormuz Closure and Exxon Stock · 24/7 Wall St. | Shortify
- Summary: Hormuz strait closure pushes Exxon stock down despite oil prices rising. Exxon's stock fell 6.27% as Hormuz strait closure risks supply disruptions but oil…
- Keywords: hormuz strait, exxon mobil, strait of hormuz, oil prices, crude prices, exxon stock, wti oil, brent crude, qatar lpg, exxon earnings, exxon q2 2026, exxon upstream production
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/09/23/if-hormuz-stays-shut-how-high-can-exxon-go
- Author: Omor Ibne Ehsan
- Published: 2026-09-23T15:50:30+00:00
- Read time: 1 min
- Topics: hormuz strait, exxon mobil, strait of hormuz, oil prices, crude prices, exxon stock, wti oil, brent crude, qatar lpg, exxon earnings, exxon q2 2026, exxon upstream production
## Hormuz Strait Status
Commodity vessel traffic through the Strait of Hormuz is running well below the recent ten-day average.
## Exxon Stock Performance
Exxon Mobil settled at $158.69 on September 22, 2026, up 0.25% for the day.
## Geopolitical Premium
Exxon has run +34.51% year to date and +45.75% over the past year, so the geopolitical premium was partly built and, in the last week, partly given back, with the stock down 6.27%.
## Transit Collapse
Transits collapsed to their lowest tally since early May, far under the recent ten-day average and a small fraction of the prewar baseline for large commercial vessels.
## Oil Price Impact
WTI is already at $107.02, up 27.4% from a month ago, and pump gasoline is at $4.48 per gallon, near the series high.
## Iran-US Meeting
Iran’s foreign minister met the United States envoy at the UN, setting conditions for reopening that include ending the naval blockade and releasing frozen funds. No agreement was announced.
## Supply Offsets
Two supply offsets are in play: progress on the Saudi pipeline that bypasses the strait, and a weekly industry inventory report showing a build where consensus expected a 500,000-barrel draw.
## Exxon Earnings
In Q2 2026, the company posted $14.5 billion in earnings and $23.6 billion of operating cash flow, even after losing roughly 10% of upstream production tied to the region.
## Key takeaway

Exxon's stock fell 6.27% as Hormuz strait closure risks supply disruptions but oil prices rose to $107.02.