By Caitlin McCabe

The war in Iran has inflicted pain on virtually every global stock index, with major indexes falling in the U.S., Europe and Asia.

Here's one big exception, however: Oil-exporting Norway.

The Scandinavian country's main stock index, the Oslo OBX, has jumped more than 8% since the war began, compared with a more than 3% loss for the pan-continental Stoxx Europe 600 and a 1.4% loss for the S&P 500. It's one of the only countries that is seeing its stock index rise today, as hopes of a stable ceasefire continue to fade.

The strength of the OBX is partially a function of its makeup: It contains several major energy companies whose shares have surged as oil prices have climbed. For example, Equinor, Norway's largest energy company, and Var Energi, have both jumped more than 30% since the start of the war.

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(END) Dow Jones Newswires

April 09, 2026 09:30 ET (13:30 GMT)

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