Trio Petroleum Extends Friday Surge On Hormuz Disruption Fears

Trio Petroleum Corp. (NYSE:TPET) is surging in Monday’s premarket trading, extending Friday’s gain. The small-cap oil explorer is riding a wave of geopolitical fear.

Traders are piling into energy names tied to Middle East disruption.

Oil prices surged more than 10% on Monday, with both WTI and Brent staying above $100 a barrel after briefly spiking to around $120 earlier in the session, according to Trading Economics.

Strait Of Hormuz Fears Drive Energy Stocks Higher

The catalyst is clear: an escalating U.S.–Israel–Iran war now entering its tenth day.

The conflict has nearly halted shipping through the Strait of Hormuz. That chokepoint normally moves about 20 million barrels of oil and petroleum products daily.

TPET is an oil and gas exploration and development company. It operates in Monterey County, California, and Uintah County, Utah.

The company holds a working interest in the South Salinas Project. That project includes six existing idle wells and one active well — the HV-1 well.

Technical Analysis

Over the past year, TPET has seen a significant uptrend, with a 12-month increase of 51.97%.

Currently, the stock is trading well above its key moving averages, which signals robust bullish momentum: 229.8% above the 20-day Simple Moving Average (SMA), 204% above the 50-day SMA, and 170.7% above the 100-day SMA. This positioning indicates strong investor confidence and a potential continuation of the upward trend.

The Relative Strength Index (RSI) stands at 67.06, suggesting that while the stock is approaching overbought territory, there is still momentum.

TPET Price Action: Trio Petroleum shares were up 21.76% at $2.35 during premarket trading on Monday, according to Benzinga Pro data.

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