European Oil Stocks Follow Crude Lower After Iran Says Strait Is Open -- Market Talk

Dow Jones04-17

1349 GMT - European oil stocks fall in tandem with crude prices after Iran said the Strait of Hormuz is open to commercial vessels following a cease-fire in Lebanon. Among European energy majors, Norway's Equinor leads the losses with a 7.6% drop, followed by Italy's Eni and Britain's BP, both down more than 6%. Britain's Shell, France's TotalEnergies, Spain's Repsol, Austria's OMV and Portugal's Galp all fall more than 4%. Oil prices plunged around 10%, with traders betting that Iran's statement signaled an easing of tensions. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

April 17, 2026 09:49 ET (13:49 GMT)

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