The US-Iraq conflict has increased by more than 2 per cent, and international oil prices have risen

According to news on 8 July, the oil and gas stock in the United States has risen at a rate of more than 2 per cent for Exxon and Devon and 1 per cent for Western oil, Chevron and Confi. Since this year, oil in the West, Williams, has grown by more than 26 per cent, Exxon-Merver by nearly 20 per cent, and Chevron, Confi, and Devon's energy by about 16 to 17 per cent. In the news, President Trump 8 of the United States stated at the NATO summit that he considered the memorandum of understanding between the United States and Iraq “end”. The United States had previously withdrawn a general licence to allow Iranian oil sales and resumed its oil sanctions against Iran. This attack on Iran was described by officials as a “punitive act” and will not end in a short time. The resurgence of geo-smuggling fuelled a sharp rise in international oil prices, which rose by more than 5 per cent in the United States and the United States. In addition, ExxonMobil issued a performance forecast. According to the company, the sharp increase in the crude oil market in the second quarter resulted in an increase of $3.7 billion in upstream profits and an additional gain of $3.3 billion from refining and chemical operations. However, ExxonMobil states that the above-mentioned positive factors were partly offset by a loss of about $1.2 billion due to the disruption of production in the Middle East. The company will issue a full financial statement on 31 July。