Sky Quarry Inc (NASDAQ: SKYQ) experienced a significant surge in its stock price, rising 40.79% to $17.73 during Monday's premarket session. This increase follows a momentum wave that began last week, with the stock jumping over 85% after trading resumed following a circuit breaker halt. The main catalyst for this surge is the escalating geopolitical tensions in the Middle East, particularly following President Donald Trump's announcement of a blockade of the Strait of Hormuz, which has raised global energy supply concerns. Brent crude oil prices have surpassed $100 per barrel, with futures rising over 8% to $104.55. This situation has heightened interest in Sky Quarry's Foreland Refinery in Nevada, which is seen as strategically valuable due to tight regional fuel capacity. The stock is currently trading 332.7% above its 20-day simple moving average (SMA) and 469.1% above its 100-day SMA, indicating a highly stretched short-term trend.