Battalion Oil Corp. (NYSE:BATL) shares are trending Monday night.
Shares of the Houston-based independent energy company surged 32.63% in after-hours trading to $15.65 on Monday as escalating U.S.-Iran tensions shook global energy markets.
Strait of Hormuz Fears Drive Rally
U.S. and Israeli forces carried out joint strikes against Iran over the weekend, leading Tehran to move toward shutting down the Strait of Hormuz, a key waterway that carries about 20% of the world’s crude oil shipments.
Why BATL Stands Out
Battalion Oil closed the regular session up 113.77% at $11.80, according to Benzinga Pro data.
The stock’s …Full story available on Benzinga.com
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