February 19, 2012 16:09 ET

Iran Halts Oil Sales to France and Britain. Sunday Picks: BP PLC., Exxon Mobil Corp., Chevron Corp., Petrobras, Conoco Phillips Co.

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The crisis with Iran is heating up. As Iran halts oil sales to France and the UK, US Defense Secretary Leon Panetta is quoted saying that the US will not tolerate a nuclear Iran. If the feared conflict materializes oil shipping lanes could well be affected causing the price of oil to skyrocket.

Sunday Hot Stocks Watch List: Exxon Mobil Corp. (XOM), Petrobras (PBR), Chevron Corp. (CVX), Conoco Phillips Co. (COP), BP PLC. (BP), Royal Dutch Shell PLC. (RDS.A).

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