Woodside Energy Group Ltd's stock soared 9.89% during intraday trading on Monday, reflecting strong investor interest in the Australian energy sector.

The sharp rise in Woodside's share price comes amid a broader rally in Australian energy equities fueled by a jump in oil prices. According to market reports, front-month West Texas Intermediate futures rose 8.4% and Brent crude oil futures lifted 8.5% following geopolitical tensions involving the U.S. and Israel's attacks on Iran.

These developments have triggered concerns about potential disruptions to oil supply, particularly through critical shipping routes like the Strait of Hormuz, leading to increased buying activity in energy stocks that benefit from higher oil prices.