03:45 PM EDT, 06/17/2025 (MT Newswires) -- Energy stocks gained late Tuesday afternoon with the NYSE Energy Sector Index adding 1.3% and the Energy Select Sector SPDR Fund (XLE) rising 1.1%.

The Philadelphia Oil Service Sector index climbed 0.6%, and the Dow Jones US Utilities index eased 0.2%.

Oil prices rose after President Donald Trump called for an evacuation of Tehran. "Simply stated, IRAN CAN NOT HAVE A NUCLEAR WEAPON," Trump said in a social media post.

West Texas Intermediate crude oil jumped 4.7% to $73.53 a barrel, and global benchmark Brent surged 4.8% to $76.71 a barrel. Henry Hub natural gas futures rose 3.3% to $3.87 per 1 million BTU.

In sector news, the International Energy Agency reduced its projections for global oil demand growth for 2025 and 2026, while highlighting geopolitical uncertainties as a substantial risk to supply security.

In corporate news, Comstock Resources ( CRK ) shares jumped 8.3% after Wolfe Research upgraded the stock to outperform from peer perform.

Enphase Energy ( ENPH ) shares fell 24%, SolarEdge ( SEDG ) tumbled 33%, and Sunrun ( RUN ) slumped 40% after the US Senate Finance Committee reportedly proposed phasing out solar and wind energy tax credits by 2028 as part of changes made to President Donald Trump's tax-cut and spending bill.

Chevron's ( CVX ) USA unit acquired two leasehold acreage positions to enter the domestic lithium sector. Chevron ( CVX ) shares added 1.6%.

Shell's (SHEL) LNG Canada project attracts buyers mainly because it uses the Canadian Alberta Energy Co., or AECO, price index as a benchmark, which is lower than the Henry Hub price in the US, Reuters reported, citing Shell Chief Executive Officer Wael Sawan. Shell shares rose 1.1%.