Delixy Holdings shares surge 66.76% intraday as US-Israel strike on Iran sparks Hormuz Strait closure fears, fueling global oil supply concerns.

Delixy Holdings surged 66.76% intraday trading as the U.S. and Israel strike Iran, prompting Iran to consider closing the Strait of Hormuz, which transports about 20% of global crude oil (20 million barrels daily), sparking global supply concerns. The company specializes in crude oil and petroleum products wholesale trade across Singapore, Southeast Asia, East Asia, and the Middle East through subsidiaries.