<div id="readability-page-1"><p><strong>Trio Petroleum Corp. <span>( TPET )</span></strong> and <strong>Battalion Oil Corp. <span>( BATL )</span> </strong>surged in after-hours trading on Wednesday, gaining 13.51% and 10.44%, respectively.</p>    <p>The stocks moved in the extended trading session comes amid an escalating U.S., Israel and Iran conflict, which remains the main catalyst.</p>    <p>The conflict, which is now in its 12th day, has rattled global energy markets.</p>    <h2><strong>Geopolitical Fear Trade Fuels Energy Names</strong></h2>    <p>The stocks of the two independent energy companies have rallied since the conflict began on Feb. 28, fueled by rising geopolitical tensions in the Middle East.</p>    <p>Traders are pricing in a prolonged disruption to the <strong>Strait of Hormuz</strong>, a critical chokepoint that moves roughly 20 million barrels of oil and petroleum products daily.</p>    <h2><strong>BATL Adds Strategic Acreage in All-Stock Deal</strong></h2>    <p>Battalion added a company-specific catalyst on Tuesday. The Houston-based company announced an all-stock deal to acquire 7,090 net acres in Ward County, Texas, from <strong>RoadRunner Resource Holding LLC</strong>.</p>    <p>Last week, Battalion also announced a private placement to raise approximately $15 million at $5.50 per share, with <strong>Roth Capital Partners</strong> as the sole placement agent.</p>    <h2>Trading Metrics</h2>    <p> Metrics of the small-cap oil explorer:</p>    &lt;figure class=&#34;wp-block-table&#34;&gt;<table><thead><tr><th>Metric</th><th>Trio Petroleum <span>( TPET )</span> </th><th>Battalion Oil <span>( BATL )</span> </th></tr></thead><tbody><tr><td>Market Cap</td><td>18.21M</td><td>355.09M</td></tr><tr><td>52-Wk High</td><td>$2.50</td><td>$29.70</td></tr><tr><td>52-Wk Low</td><td>$0.36</td><td>$1.00</td></tr><tr><td>RSI</td><td>58.38</td><td>64.55</td></tr></tbody></table>&lt;/figure&gt;    <p>According to Benzinga Pro data, BATL closed Wednesday at $19.45, down 6.31%, while TPET ended the session at $1.48, down 5.13%.</p>    <p>With a strong Momentum in the 99th percentile, <strong>Benzinga’s Edge Stock Rankings</strong> indicate that BATL has a positive price trend across all time frames.</p>    &lt;figure class=&#34;wp-block-image aligncenter size-full is-resized&#34;&gt;<img width="427" height="259" src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/03/12025656/image-253.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/03/12025656/image-253.png"/>&lt;/figure&gt;    <p><em>Photo: FXQuadro / Shutterstock</em></p>    <p><strong>Disclaimer:</strong> This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</p></div>

TPET

BATL

<p>Trio Petroleum (TPET) and Battalion Oil (BATL) saw significant after-hours gains of 13.51% and 10.44%, respectively, driven by escalating tensions in the U.S., Israel, and Iran. The ongoing conflict has unsettled global energy markets, particularly affecting the Strait of Hormuz. Battalion Oil also announced an all-stock acquisition of 7,090 acres in Texas and a private placement to raise $15 million. Despite the gains, BATL closed down 6.31% at $19.45, while TPET ended down 5.13% at $1.48.</p>

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Trio Petroleum (TPET), Battalion Oil (BATL) Jump After Hours As Middle East Disruption Rattles Global Energy Markets