What Happened?
A number of stocks fell in the afternoon session after a surge in crude oil prices offered a near-term lift, but broader market volatility and a sharp jump in benchmark Treasury yields ultimately outweighed that tailwind. WTI futures climbed to about $90 a barrel after the latest U.S. strikes against Iran, CNBC reported. At the same time, global bond yields surged as U.S.-Iran tension reinforced inflation expectations and raised the prospect of rate hikes, according to the Wall Street Journal. The near-term lift from higher crude was outweighed by concern that sustained inflation and tighter financial conditions could slow growth and, over time, cut oil and gas demand.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.
Among others, the following stocks were impacted:
- Mixed or Offshore Upstream E&P company Solaris Energy Infrastructure (NYSE: SEI) fell 3.3%. Is now the time to buy Solaris Energy Infrastructure? Access our full analysis report here, it’s free.
- Oilfield Services company TETRA Technologies (NYSE: TTI) fell 4.3%. Is now the time to buy TETRA Technologies? Access our full analysis report here, it’s free.
- Oilfield Services company SLB (NYSE: SLB) fell 3.6%. Is now the time to buy SLB? Access our full analysis report here, it’s free.
- Mixed or Offshore Upstream E&P company Weatherford (NASDAQ: WFRD) fell 2.7%. Is now the time to buy Weatherford? Access our full analysis report here, it’s free.
Zooming In On TETRA Technologies (TTI)
TETRA Technologies’s shares are extremely volatile and have had 36 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 8 days ago when the stock dropped 5.5% on the news that Crude oil prices pulled back as traders locked in profits after two weeks of gains and awaited details on planned U.S. sanctions against Iran. According to CNBC, West Texas Intermediate fell roughly 2%–2.5% toward the mid-$80s per barrel on August 24, 2026, while Brent slipped a similar amount to the low $90s. The retreat followed consecutive weeks of strong gains driven by Middle East geopolitical risk.
Attention centered on U.S. Treasury Secretary Scott Bessent’s push for expanded sanctions aimed at economically isolating Tehran, including measures targeting entities that purchase and transport Iranian crude. Broader supply worries remain: commercial traffic through the Strait of Hormuz — which historically carries about 20% of global oil flows — stays constrained, even as alternative routes, U.S. output, and regional exports have so far limited severe shortages.
TETRA Technologies is down 33.3% since the beginning of the year, and at $6.53 per share, it is trading 47% below its 52-week high of $12.32 from February 2026. Despite the year-to-date decline, investors who bought $1,000 worth of TETRA Technologies’s shares 5 years ago would now be looking at an investment worth $2,080.
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