XLE is trading at $59.35 (+3.22%) as Iran attached conditions to reopening the Strait of Hormuz, preserving an oil-supply risk premium.
- Brent crude rose more than 1%.
- WTI crude also advanced, supporting broad-based energy-sector gains.
- Broader equities are nearly flat, indicating a primarily sector-specific move; the RWE offshore-wind agreement is not a direct XLE catalyst.