Robin Energy (RBNE) Stock Is Trending — Here's Why It Spiked Nearly 18% Overnight

Robin Energy Ltd. (NASDAQ:RBNE) shares are trending on Thursday.
RBNE shares surged 29.91% to $1.39 in overnight trading on Wednesday. The late trading-session move follows a 0.94% intraday gain that closed the stock at $1.07, according to Benzinga Pro data.
The move came after Iran's Islamic Revolutionary Guard Corps launched retaliatory strikes on U.S. military bases, including Jordan's Al Azraq base and targets near the U.S. Fifth Fleet in Bahrain. The escalation in the Middle-East increased concerns that the conflict could widen and disrupt energy flows through the Gulf, lifting sentiment toward Liquefied Petroleum Gas shippers with exposure to the Strait of Hormuz.
The Strait of Hormuz is a critical waterway through which roughly 20% of the global oil supply passes.
Why LPG Shippers R