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What: Shares of Tesco
So what: Oil is up 4.3% as of this writing on concerns over Iran's threats to close the Strait of Hormuz and on economic hopes. A rising market has helped stocks, but investors are at least concerned that Iran will do something drastic.
Now what: The experts are saying that Iran is bluffing, and considering that closing the Strait of Hormuz would hurt China more than the U.S. I doubt Iran will do it. But Iran has been posturing for days now with no signs of backing down. In the meantime, oil keeps going up, pushing oil-related stocks along with it.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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