European Oil Stocks Follow Crude Higher After U.S. Threat to Blockade Hormuz -- Market Talk

Dow Jones04-13 15:35

0735 GMT - European oil stocks open higher after President Trump's announcement that the U.S. military would blockade the Strait of Hormuz sent oil prices rising. British oil majors Shell and BP gain 1.2% and 1.1%, respectively, while their peers like France's TotalEnergies and Italy's Eni pare back initial gains to rise 0.9% and 0.7%. The Stoxx Europe 600 Oil & Gas index is up 0.6%. "The announcement of a U.S. blockade of the Strait of Hormuz effective [Monday], an apparent refusal by Iran to abandon their nuclear ambitions and the likelihood of a renewed conflict led to another surge in the oil price, as a 7% rise lifted the level once more to over $100 per barrel," Interactive Investor's Richard Hunter says. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

April 13, 2026 03:35 ET (07:35 GMT)

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British oil majors Shell and BP gain 1.2% and 1.1%, respectively, while their peers like France's TotalEnergies and Italy's Eni pare back initial gains to rise 0.9% and 0.7%. The Stoxx Europe 600 Oil &amp; Gas index is up 0.6%. \"The announcement of a U.S. blockade of the Strait of Hormuz effective [Monday], an apparent refusal by Iran to abandon their nuclear ambitions and the likelihood of a renewed conflict led to another surge in the oil price, as a 7% rise lifted the level once more to over $100 per barrel,\" Interactive Investor's Richard Hunter says. (adria.calatayud@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 13, 2026 03:35 ET (07:35 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ERX","symbol_name":"二倍做多能源ETF-Direxion","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2627148066","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2627148066","pubTimestamp":1776065700,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0735 GMT - European oil stocks open higher after President Trump's announcement that the U.S. military would blockade the Strait of Hormuz sent oil prices rising. 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