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Sky Quarry Inc (NASDAQ:SKYQ) shares are soaring Monday morning. The move follows a massive momentum wave that began last week. Trading resumed Friday after a circuit breaker halt saw the stock jump over 85%.
Geopolitical Tensions Drive Energy Interest
The primary catalyst stems from escalating Middle East tensions. President Donald Trump recently announced a blockade of the Strait of Hormuz. Trump expressed frustration with Iran on Truth Social.
Nasdaq futures are down 0.61% while S&P 500 futures have shed 0.58%.
Oil Prices Surpass Key Thresholds
Global energy supply concerns sent Brent crude prices past $100 per barrel. Crude …
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