Veytics Intelligence
2026-09-29 · NASDAQ

Oil Just Jumped on Trump's Iran Rejection -- and TotalEnergies Is Already Cashing In

Key Points It has also set an ambitious target for annual dividend raises. The company believes its numerous plays around the world will continue fueling its growth. 10 stocks we like better than TotalEnergies Se › In what's becoming a familiar development these days, the price of crude oil again floated higher on Monday. That followed President Trump's flat rejection, over the weekend, of an Iranian proposal to reopen the Strait of Hormuz, the choke point through which a vast amount of the world's oil is shipped. On Sunday, however, Trump seemed to backtrack, stating in an interview with Axios that American negotiators were expected to engage in talks with the Iranian side.

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