The energy sector, as measured by the XLE ETF, crossed its alert threshold due to a significant rise in crude oil prices. The price of oil surged after a 60-day ceasefire between the U.S. and Iran expired without a renewed agreement, increasing geopolitical risk in the Middle East. [1, 2, 3, 5] Concerns over potential disruptions to oil shipments through the Strait of Hormuz have intensified following comments from President Trump ruling out an extension of the truce, pushing Brent crude above $91 a barrel. [1, 3, 5]