Oil Price Surge Creates Volatility in Energy Sector Stocks Amid Iran-US Conflict

The recent missile strikes between Iran and US forces have pushed Brent crude prices to $84.5 per barrel, creating volatility in energy sector stocks.

PetroTal (TSX:TAL) is a focused oil producer based in Peru with a core asset in the Bretaña Norte field.

The company generates all of its revenue from oil and gas exploration and production activities in Peru, with Q1 2026 net income of $15.3m on revenue of $59.6m.

PetroTal's single field focus creates both earnings potential and exposure to operational and country-specific risks, with management highlighting the impact of backwardation and reliance on third-month Brent on cash flow.

Whitecap Resources (TSX:WCP) is a Canadian oil and gas producer that acquires and develops petroleum and natural gas assets across Western Canada.

The company offers exposure to a large-scale Canadian producer sensitive to crude prices, with production volumes of 13,726 bopd in H1 2026 and an active acquisition and integration program.

Capricorn Energy (LSE:CNE) is an independent oil and gas company exploring for, developing, and producing hydrocarbons with its core operations in Egypt's Western Desert.

The company generates virtually all of its revenue from Egypt, with about $134.3m from Western Desert operations, and has a leaner balance sheet with extended concession terms and reduced overheads.