WTI Jumps >3% to ~$105.46 as Strait of Hormuz Reports Signal Near Standstill in Corridor That Typically Moves ~20MM Barrels/Day

Company Update

• WTI moved >3% to ~$105.46 (as of 05/04/26)
• Recent public reports citing vessel-tracking data indicate Hormuz traffic is near a standstill
• EIA analysis indicates ~20MM bpd typically transits Hormuz in recent years

HOUSTON, TX / ACCESS Newswire / May 5, 2026 / XCF Global, Inc. ("XCF") (Nasdaq:SAFX), an emerging player focused on lowering emissions and strengthening the resilience of the aviation fuel supply chain through sustainable aviation fuel ("SAF"), today highlighted how intensified geopolitical risk in the Persian Gulf may contribute to volatility across global energy markets. Recent public reports citing vessel-tracking data have indicated that traffic through the Strait of Hormuz is near a standstill, and industry groups have reportedly cautioned that secure passage procedures remain unclear, and the maritime threat level remains elevated. In normal conditions, the Strait of Hormuz is one of the world's most important energy transit chokepoints; the U.S. Energy Information Administration’s tanker-tracking-based analysis indicates that roughly 20 million barrels per day of crude oil and petroleum liquids have transited the strait in recent years.

With shipping and security conditions in focus, crude and refined product markets have moved sharply in recent sessions. U.S. West Texas Intermediate (WTI) futures advanced more than 3% to about $105.46 per barrel by 1:08 p.m. ET on May 4, underscoring how quickly perceived risk to critical corridors can translate into fuel-market volatility. In this environment, XCF believes that expanding U.S. production of SAF and renewable fuels from domestic feedstocks can help reduce exposure to international chokepoints and may help mitigate the risk of sudden supply disruptions.

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Unlike petroleum benchmarks that can reprice on geopolitical headlines and freight constraints, domestically sourced renewable feedstocks are generally influenced by U.S. supply-and-demand fundamentals and logistics. XCF does not use crude oil as an input to its current SAF pathway; the Company's strategy is to source feedstocks domestically and produce fuels in the United States.

XCF's New Rise Reno plant is in the final stages of its planned upgrade phase and expects to be producing renewable fuels by early June.

"Events in the Middle East are a reminder that energy security and supply security are inseparable," said Chris Cooper. "Our focus is to deliver dependable volumes of U.S.-made SAF and renewable fuels using domestic feedstocks, while maintaining the highest standards for safety and environmental performance. We believe American production capacity will play an increasingly important role as the aviation sector continues to decarbonize."

About XCF Global, Inc.

XCF Global, Inc. ("XCF") is an emerging sustainable aviation fuel company dedicated to accelerating the aviation industry's transition to net-zero emissions. Our flagship facility, New Rise Renewables Reno, has a permitted nameplate production capacity of 38 million gallons per year, positioning XCF as an early mover among large-scale SAF producers in North America. XCF is working to advance a pipeline of potential expansion opportunities in Nevada, North Carolina, and Florida, and to build partnerships across the energy and transportation sectors to scale SAF globally. XCF is listed on the Nasdaq Capital Market and trades under the ticker, SAFX.

To learn more, visit https://www.xcf.global/