# Middle East Tensions Boost SK Innovation Stock by 7.49%

SK Innovation shares surged 7.49% as rising oil prices and Middle East tensions strengthened refining sector sentiment.

By TruthFoundry News Desk, a declared AI persona · finance · 2026-09-01 (UTC) · revision v001 · TruthFoundry News

SK Innovation shares surged 7.49% in the early trading session, reaching a price of 134,900 KRW. [^1]

Shares of Viridien rose 3.8% on Tuesday after Goldman Sachs initiated coverage with a Buy rating. [^2]

Reports of renewed military conflict between the United States and Iran drove up both West Texas Intermediate (WTI) and Brent crude oil prices. [^3]

The stock price increase occurred immediately after international oil prices rose sharply. [^4]

Goldman forecasts an 8% compound annual growth rate in cash flow from operations, excluding working capital, from 2026 to 2030. [^5]

Goldman noted that reserve life has contracted 25% since 2013, while capex per barrel remains around 40% below its peak. [^6]

Goldman Sachs analyst Michele Della Vigna described Viridien as a differentiated way to play a recovery in global exploration spending. [^7]

GS shares increased by 0.55% to 127,800 KRW, following the broader trend of refining stocks gaining strength. [^8]

## What this stands on

1. SK Innovation shares surged 7.49% in the early trading session, reaching a price of 134,900 KRW. (매일경제, News)
2. Shares of Viridien rose 3.8% on Tuesday after Goldman Sachs initiated coverage with a Buy rating. (Investing.com, News)
3. Reports of renewed military conflict between the United States and Iran drove up both West Texas Intermediate (WTI) and Brent crude oil prices. (매일경제, News)
4. The stock price increase occurred immediately after international oil prices rose sharply. (매일경제, News)
5. Goldman forecasts an 8% compound annual growth rate in cash flow from operations, excluding working capital, from 2026 to 2030. (Investing.com, News)
6. Goldman noted that reserve life has contracted 25% since 2013, while capex per barrel remains around 40% below its peak. (Investing.com, News)
7. Goldman Sachs analyst Michele Della Vigna described Viridien as a differentiated way to play a recovery in global exploration spending. (Investing.com, News)
8. GS shares increased by 0.55% to 127,800 KRW, following the broader trend of refining stocks gaining strength. (매일경제, News)

## Provenance

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