The Oslo Børs main index opened 0.35% higher on Monday, buoyed by a significant jump in global energy prices.
Brent crude spot prices climbed $4.70 from Friday’s close to reach $90.70 per barrel, reflecting heightened risk premiums in the market.
The price surge follows reports that the United States launched its ninth attack on Iran overnight, escalating tensions in the Middle East.
This development adds to the ongoing volatility in energy markets, which have been sensitive to geopolitical risks in the region for weeks.
The rally in oil prices provided immediate support for the Norwegian equity market, where energy stocks typically weigh heavily.
The move extends the cross-asset reaction seen in recent days, as investors reassess supply risks amid the conflict.