European Energy Majors Rise on Middle East Escalation -- Market Talk

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European Energy Majors Rise on Middle East Escalation -- Market Talk

Dow Jones10-01

1437 GMT - Shares in European oil-and-gas majors jumped after the news of Iran preparing an attack on Israel spread, creating concerns on the impact of supply in the region. According to U.S. officials, the Islamic republic is preparing to launch a ballistic missile attack against Israel, in what would be a significant escalation that threatens to spark an all-out war in the Middle East. London-based Shell and BP both bounced from a 0.2% dip to increases of 2.1% at 24.77 pounds and 4 pounds, respectively. Shares in France's TotalEnergies are trading 1.4% higher, while shares in Italy's Eni are up 1.2% at 13.85 euros. (christian.moess@wsj.com)

(END) Dow Jones Newswires

October 01, 2024 10:38 ET (14:38 GMT)

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