European Energy Stocks Fall as Oil Prices Drop on Easing U.S.-Iran Tensions -- Market Talk

Dow Jones02-02

0815 GMT - European energy stocks slide in opening trade as oil prices weaken. Oil had benefited from a geopolitical premium in recent weeks as investors monitored U.S. threats to target Iran after a recent clamp down on protesters. President Trump has now said that Iran wants to make a deal and his clear shift in messaging eases some supply disruption concerns, ANZ analysts write. Brent crude falls 4.7% to $66.07 a barrel, while WTI drops 4.7% to $60.92 a barrel. In London, BP falls 2.7% and Shell drops 2.1%. Harbour Energy falls nearly 4%. France's TotalEnergies, Italy's Eni and Spain's Repsol are all down more than 2%. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

February 02, 2026 03:15 ET (08:15 GMT)

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