Will AI create the world’s first trillionaire?\u00a0Our team just released a report on the one little-known company, called an “Indispensable Monopoly” providing the critical technology Nvidia and Intel both need.\u00a0Continue \u00bb<\/a><\/p>\n So why isn’t Conoco stock down even more?<\/p>\n Let’s start with the obvious: why oil prices are dropping at all today. Over the weekend, President Trump announced he has reached a peace deal with Iran. The Strait of Hormuz will open toll-free, and the U.S. naval blockade on Iran will simultaneously cease, and “oil will flow on both ends again for the Region, and the World!”<\/p>\n Statements from Iran confirm the peace deal and that fighting will cease “immediately and permanently.” Oil investors are selling their shares in anticipation that greater oil supplies will rebalance supply with demand, causing prices — and profits — to drop.<\/p>\n This may be exactly what happens next.<\/p>\n What this means for ConocoPhillips <\/p>\n Or it may not.<\/p>\n Media reports on the peace deal, which won’t be officially signed until Friday, conflict or omit multiple details, for example, on how (or if) Iran’s stockpiles of enriched uranium will be seized and disposed of, and whether the U.S. will pay reparations or unfreeze Iranian foreign assets as part of the deal.<\/p>\n Until these details are firmed up — and acted upon — it’s difficult to call the conflict really over. And there’s always the possibility that a peace deal will be violated and the Strait will be bottled up all over again.<\/p>\n Long story short, oil prices and Conoco’s stock price are both down today. There’s no guarantee either one will stay down for long<\/a>.<\/p>\n Missed Nvidia in 2009? This Rare Signal Is Flashing Again <\/p>\n In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. If you\u2019d invested $5,000 then,\u00a0you\u2019d be sitting on\u00a0$2,664,278\u00a0today.*<\/p>\n![\"Iran](\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/06\/bbeeebf87e6df31310e176cb05014245.jpeg\")
Image source: Getty Images. Peace in the Middle East <\/p>\n