--- title: "Trio Petroleum (TPET), Battalion Oil (BATL) Jump After Hours As Middle East Disruption Rattles Global Energy Markets" type: "News" locale: "en" url: "https://longbridge.com/en/news/278841793.md" description: "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." datetime: "2026-03-12T07:31:00.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278841793.md) - [en](https://longbridge.com/en/news/278841793.md) - [zh-HK](https://longbridge.com/zh-HK/news/278841793.md) --- # Trio Petroleum (TPET), Battalion Oil (BATL) Jump After Hours As Middle East Disruption Rattles Global Energy Markets **Trio Petroleum Corp. ( TPET )** and **Battalion Oil Corp. ( BATL )** surged in after-hours trading on Wednesday, gaining 13.51% and 10.44%, respectively. The stocks moved in the extended trading session comes amid an escalating U.S., Israel and Iran conflict, which remains the main catalyst. The conflict, which is now in its 12th day, has rattled global energy markets. ## **Geopolitical Fear Trade Fuels Energy Names** 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. Traders are pricing in a prolonged disruption to the **Strait of Hormuz**, a critical chokepoint that moves roughly 20 million barrels of oil and petroleum products daily. ## **BATL Adds Strategic Acreage in All-Stock Deal** 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 **RoadRunner Resource Holding LLC**. Last week, Battalion also announced a private placement to raise approximately $15 million at $5.50 per share, with **Roth Capital Partners** as the sole placement agent. ## Trading Metrics Metrics of the small-cap oil explorer:
Metric Trio Petroleum ( TPET ) Battalion Oil ( BATL ) Market Cap 18.21M 355.09M 52-Wk High $2.50 $29.70 52-Wk Low $0.36 $1.00 RSI 58.38 64.55 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%. With a strong Momentum in the 99th percentile, **Benzinga’s Edge Stock Rankings** indicate that BATL has a positive price trend across all time frames.
_Photo: FXQuadro / Shutterstock_ **Disclaimer:** This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. ### Related Stocks - [XES.US](https://longbridge.com/en/quote/XES.US.md) - [TPET.US](https://longbridge.com/en/quote/TPET.US.md) - [BATL.US](https://longbridge.com/en/quote/BATL.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) ## Related News & Research - [BP flags "exceptional" oil trading results in first quarter](https://longbridge.com/en/news/282637999.md) - [PetroTal Announces Q1 2026 Operations and Financial Updates | PTALF Stock News](https://longbridge.com/en/news/282636913.md) - [Trio Petroleum updates ATM offering; available placement shares $1.282M, total raised $22.925M](https://longbridge.com/en/news/282342714.md) - [Oil whiplash: Iran war shock to flip market to deficit in 2026, analysts say](https://longbridge.com/en/news/282376406.md) - [Oil whiplash: Iran war shock to flip market to deficit in 2026, analysts say](https://longbridge.com/en/news/282466319.md)