U.K. Energy Stocks Slide in First Trading Since U.S.-Iran Talk Optimism -- Market Talk

Dow Jones05-26

0730 GMT - London's oil and gas stocks fall in their first trading day since the U.S. and Iran signaled progress over the weekend on a deal that could open the Strait of Hormuz. Oil prices fell Monday on optimism an agreement could be reached and pulled European oil stocks lower. U.K. listed shares weren't traded as the market was closed for a public holiday. Oil prices gain around 3% Tuesday after the U.S. attacked targets in southern Iran. BP shares fall 1.4% while Shell slips 0.6%. Harbour Energy is down 3.5% and Ithaca falls 2.4%. Brent crude is up 3% to $96.16 a barrel, while WTI futures rise 2.9% to $92.53 a barrel. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

May 26, 2026 03:31 ET (07:31 GMT)

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