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Benzinga
Benzinga
Business
Henry Khederian

Indonesia Energy (INDO) Stock Soars Amid Middle East Tensions, Oil Disruption Fears

INDO Indonesia Energy Energy Oil the Middle East United States
oil chart

Indonesia Energy Corp Ltd (NYSE:INDO) shares are surging 35% to $6.85 Monday morning, fueled by escalating geopolitical turmoil in the Middle East and mounting concerns over global oil supply disruptions.

What To Know: The U.S. State Department has issued a Worldwide Caution alert Sunday as U.S.-Iran tensions flared following U.S. airstrikes on Iranian nuclear sites. Iran's parliament responded by voting to potentially close the Strait of Hormuz, a vital route for nearly 20% of global oil shipments.

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