HighPeak Energy shares jump 10.56% intraday amid escalating US-Iran tensions and concerns over oil supply disruptions.

HighPeak Energy surged 10.56% intraday as tensions escalate in the Strait of Hormuz following comments by Trump threatening to destroy Iranian power plants and oil infrastructure, and Iran responding with warnings of regional power outages. On March 30, Iran announced plans to impose vessel entry fees through the Strait of Hormoz and considered exiting the Non-Proliferation Treaty, heightening concerns over potential oil supply disruptions. Meanwhile, the U.S. Energy Information Administration reported that the U.S.-Iran conflict has disrupted shipping through the Strait, through which approximately 20% of global crude oil and 30% of liquefied petroleum gas is transported, prompting IEA members to release 400 million barrels of reserves in response to potential energy crises.