An analysis explores historical market reactions to a hypothetical scenario where an Iran war causes oil prices to surge by 100%, detailing potential consequences for the stock market, while Chevron's CEO states the war's full impact is not yet reflected in oil futures.

The Iran war is driving up fossil fuel prices, while the Trump administration's policy changes are affecting energy costs. Chevron CEO Mike Wirth states the physical supply of oil is much tighter than the futures market suggests, indicating the war's impact isn't fully priced in due to traders having 'scant information'.