Escalating US-Israel-Iran conflict sparks market turmoil: airlines and cruises drop 5-7% on fuel fears, while defense firms like Lockheed soar amid rising geopolitical tensions. Oil jumps sharply.
ConocoPhillips is considering selling parts of its Permian Basin holdings in the Delaware area for around $2 billion to simplify its business after big acquisitions. Early talks are underway, but no final decision yet.
US oil company shares jumped after Trump announced plans to control Venezuela's oil. Chevron, Exxon, and ConocoPhillips lead gains as access to world's largest reserves opens up.
