Chevron's war-driven oil rally has padded the Buffett tracker's 7% stake

The Iran war choked the Strait of Hormuz and lifted crude, sending Chevron near its 52-week high around $200, up roughly 26% this year and 43% over 12 months. That's a real boost to a 7% position. Watch the risk: the EIA sees Brent easing toward $79 by 2027 as supply normalizes.