Trump Postponed a Strike In Iran, and Oil Stocks Are Falling. As an Energy Investor, Here's What I'd Do Next.

Key Points
Oil prices could surge or fall, depending on the outcome of U.S. talks with Iran.
I'd start looking more closely at oil stocks that could thrive no matter what happens to oil prices.
I'd also begin evaluating LNG stocks, which could benefit from the long-term impacts of damage to facilities in Qatar.
- 10 stocks we like better than Chevron ›
President Trump recently issued an ultimatum to Iran. Fully reopen the Strait of Hormuz within 48 hours, or the U.S. would begin attacking the country's power plants. Such strikes would likely drive Iran to retaliate against energy infrastructure in the Gulf, which could send oil prices even higher.
However, the President announced he was postponing potential military strikes against Iran's power plants for five-days on Monday morning based on some productive dialogue with Iran over the weekend. This positive news sent stock prices soaring, while oil prices and oil stocks fell.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
As an energy investor, here are two things I'd do right now.
Build an oil stock watch list
This week will be a pivotal one for the oil market. If the U.S. and Iran start progressing toward peace, crude prices will keep falling. However, if the two sides can't reach an agreement to de-escalate, crude prices could go much higher, especially if Iran attacks additional oil infrastructure in the Persian Gulf.
Given the uncertainty, I'd spend this week building a list of oil stocks that I'd buy based on the direction crude prices appear headed. One oil stock that would top my watch list is Chevron (NYSE: CVX). The oil giant has one of the lowest breakeven levels in the oil sector at less than $50 a barrel and a fortress balance sheet. Chevron is also on track to grow its cash flow at a more than 10% compound annual rate through 2030 at $70 oil. Those features put it in a strong position to weather lower oil prices if there's lasting peace in the Middle East.
Meanwhile, it can produce significantly more free cash flow if oil prices remain higher. While Chevron has some exposure to the Middle East, its diversified global operations position it to thrive no matter what happens next.
Look at investing in LNG
So far, the war has only temporarily disrupted the energy market, for the most part. The biggest blow came last week when Iran struck energy infrastructure in Qatar in response to an attack on its main natural gas field. That retaliatory attack severely damaged two liquefied natural gas (LNG) trains operated by QatarEnergy (ExxonMobil also has interests in the facilities). QatarEnergy said the attack will knock out 17% of its capacity for the next three to five years. That's a potentially meaningful impact as Qatar is one of the world's top three LNG producers.
This supply issue will affect the global LNG market long after the war with Iran ends. That's why I'd start looking at investing in LNG stocks. Chevron and Exxon are both global LNG leaders. Meanwhile, Cheniere Energy and Venture Global are leading U.S. LNG producers. Cheniere Energy is currently expanding its LNG terminal in Corpus Christi, which should come online in stages over the next couple of years. Meanwhile, Venture Global recently announced a major expansion of its Plaquemines LNG terminal.
Focus on what's more certain
Oil prices could make a big move depending on the outcome of the talks with Iran. That's why I'd spend this week building a watch list of oil stocks to potential buy once there's more clarity. I'd also start looking more closely at LNG, which could see the biggest long-term impact from the war.
Should you buy stock in Chevron right now?
Before you buy stock in Chevron, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Chevron wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $495,179!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,058,743!*
Now, it’s worth noting Stock Advisor’s total average return is 898% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
*Stock Advisor returns as of March 23, 2026.
Matt DiLallo has positions in Chevron. The Motley Fool has positions in and recommends Cheniere Energy and Chevron. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.