Shares of oil and gas-related companies are trading higher as crude prices gain due to fears of further escalation of the U.S.-Iran conflict. The Trump administration says it's planning further economic sanctions on Iran, and that the U.S. Navy can maintain an indefinite maritime blockade of the country if needed.

Borr Drilling Provides Update on Prospector 5 Incident

Borr Drilling issued an update on October 26, 2026, regarding the ongoing search and rescue efforts following the sinking of the Prospector 5 rig.

Borr Drilling Confirms Prospector 5 Rig Incident Offshore Gabon

Borr Drilling reported that its Prospector 5 jack-up rig experienced a stability incident and sank offshore Gabon during preload activities, with five personnel currently unaccounted for.

Borr Drilling Director Tor Olav Troim Purchases 2.5M Shares At Average Price Of $4.74/Share, Increasing Indirect Holdings To 37.3M Shares

- SEC Filing

First Tracks Biotherapeutics, C3.ai, CCC Intelligent Solutions And Other Big Stocks Moving Higher On Monday

U.S. stocks mixed; First Tracks Biotherapeutics surged 18% on positive celiac trial results, while C3.ai, Liquidia and others also gained.

Goldman Sachs Adjusts Price Target on Devon Energy to $59 From $55

Goldman Sachs has updated its price target for Devon Energy Corporation, raising it from $55 to $59.

Shares of oil and gas-related companies are trading higher after reports suggesting that Iran placed its armed forced on high alert for 72 hours. Also, reports of an attempted Houthi strike on Saudi Arabia's Red Sea port of Yanbu and another Iranian strike on a vessel near the Strait of Hormuz may fuel concerns that high energy prices may persist and benefit the sector.