Equinor shares climbed 4.9% on Friday, leading a broad rally in Norwegian energy equities as geopolitical tensions in the Middle East intensified.
The Oslo Børs main index rose approximately 1% in the session, buoyed by a sharp increase in crude oil prices following new attacks on Iran.
The market move reflects growing investor concern over potential supply disruptions in the Strait of Hormuz, a critical chokepoint for global oil shipments.
As Brent crude prices surged in response to the escalating conflict, energy producers like Equinor benefited from the immediate repricing of supply risk.
The rally underscores the sensitivity of European energy equities to geopolitical shocks in key producing regions.
This development follows a period of heightened volatility in energy markets, where investors have been closely monitoring diplomatic and military developments in the region.