Oil and Gas

• Oil falls more than 4% as traders see Trump backing away from Iran strike threats - Concerns about a U.S. strike on Iran had been mounting after Trump vowed to take action against the regime’s crackdown on widespread protests in the country.
• Oil falls nearly 2% after Trump signals he could hold off on attacking Iran - Trump told reporters in the Oval Office that "we've been told that the killing in Iran is stopping. It's stopped. It's stopping, and there's no plan for executions."
• Oil prices rise more than 2% after Trump cancels meetings with Iran, tells protesters help is on the way - President Donald Trump has repeatedly threatened to intervene if the Islamic Republic kills protestors.
• Orsted jumps 6% after U.S. judge rules firm can resume wind project halted by Trump - The move comes shortly after a U.S. judge cleared the company to resume work on its nearly finished Revolution Wind project.
• Trump threatens to sideline Exxon from Venezuela's oil: 'They're playing too cute’ - His comments come shortly after Exxon CEO Darren Woods said the Venezuelan market is "uninvestable" in its current state.
• Jim Cramer says don’t trade Apple and Nvidia as money rotates into overlooked stocks ahead of earnings season - Jim Cramer says a broad market rally is underway, with money rotating out of Apple and Nvidia and into overlooked stocks ahead of earnings season.
• Trump says he’s cancelled second wave of attacks on Venezuela - He added that at least $100 billion will be invested in Venezuela by U.S. oil giants.
• Trump says Venezuela to give up to 50 million barrels of oil to U.S. - Trump's announcement came days after U.S. forces attacked Venezuela and captured its leader, Nicolas Maduro, to be prosecuted on drug-trafficking charges.
• The market has anointed Chevron the big Venezuela winner. But oil majors face a long road before any payoff - President Trump's call for U.S. oil companies to rebuild Venezuela's energy sector after the overthrow of President Nicolas Maduro is easier said than done.
• Michael Burry's big play off the U.S.-Venezuela situation, which the investor has held for years - Burry has owned Valero Energy since 2020, a position he views as increasingly attractive as the U.S. moves toward a deeper role in reviving Venezuela's oil.