-- Shares of Woodside Energy Group (ASX:WDS) rose almost 3% in recent trading on Monday, while those of Santos (ASX:STO) climbed nearly 2% as crude oil futures spiked after US President Donald Trump announced a blockade of the Strait of Hormuz.
Peace talks between the US and Iran broke down over the weekend. Brent crude oil futures rose just over 7% to $101.91 per barrel.