Santos Limited's stock surged 8.80% in early trading, mirroring a sharp rise across the Australian energy sector.

The move follows a significant jump in oil prices after reports of U.S. and Israeli attacks on Iran, which fueled investor buying in energy equities. Front-month West Texas Intermediate crude futures rose 8.4%, while Brent crude lifted 8.5%.

The broader buying spree in response to the geopolitical tensions and higher oil benchmarks lifted major Australian energy producers, with Santos being a notable beneficiary during the session.