Oil Companies Fall as Middle East Tensions Continue to Rile Markets -- Market Talk

Dow Jones01-30 17:00

0856 GMT - Shares in London-listed oil companies fall as tension between the U.S. and Iran continues to push oil prices higher and point to potential disruptions in major trade routes in the region, Swissquote analyst Ipek Ozkardeskaya says. "Demand for hard commodities and safe-haven assets is certainly not over. That said, a correction looks healthy at these strongly overbought levels," Ozkardeskaya says. Tullow Oil is down 6.2%, followed by Harbour Energy, Ithaca Energy and Seplat Energy, down 2.5%, 2.2%, and 1.3% respectively. Oil majors BP and Shell are also down, 1% and 0.9% respectively. (anthony.orunagoriainoff@dowjones.com)

(END) Dow Jones Newswires

January 30, 2026 04:00 ET (09:00 GMT)

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