Energy stocks jump as oil spikes after Israel attacks Iran

Energy stocks dominate Wall Street’s leaderboard on Friday morning amid intensifying geopolitical unrest in the Middle East. A fresh wave of conflict between Israel and Iran rattled global markets, fueling a sharp rally in oil prices and sending investors flocking to energy names.

The surge followed reports that Israel launched strikes targeting Iranian nuclear and military facilities. In retaliation, Iran fired more than 100 drones toward Israeli territory, escalating concerns of a broader regional conflict and potential disruption to global oil supplies.

U.S. crude futures (CL1:COM) jumped 5.5% on the developments and the spike in crude prices lifted shares of major energy producers with it.

Despite the gains in energy, the broader equity market is under pressure. The S&P 500 (SP500) is lower by 1% on Friday as risk aversion takes hold. While markets slide, the energy sector stands out with a strong advance.

Below is a snapshot of the top 10 performing S&P 500 stocks on Friday as of 10:15 am EST.

No. 10: APA Corporation (NASDAQ:APA) +3%.

No. 9: Occidental Petroleum Corporation (NYSE:OXY) +3.1%.

No. 8: Targa Resources (NYSE:TRGP) +3.1%.

No. 7: Oracle Corporation (NYSE:ORCL) +3.2%.

No. 6: Mosaic Company (NYSE:MOS) +3.3%.

No. 5: Halliburton Company (NYSE:HAL) +3.7%.

No. 4: Diamondback Energy (NASDAQ:FANG) +3.8%.

No. 3: Archer Daniels-Midland Company (NYSE:ADM) +4.7%.

No. 2: CF Industries Holdings (NYSE:CF) +5.4%.

No. 1: Bunge Limited (NYSE:BG) +6.7%.

For more on energy and oil, investors can also look at related exchange traded funds.

Oil ETFs: (NYSEARCA:USO), (NYSEARCA:UCO), (NYSEARCA:DBO), (BATS:OILK), and (NYSEARCA:USL).

Energy ETFs: (NYSEARCA:XLE), (NYSEARCA:AMLP), (NYSEARCA:VDE), (NYSEARCA:XOP), (NYSEARCA:OIH), and (NYSEARCA:IXC).