European Energy Stocks Open Lower as Strait of Hormuz Set to Reopen -- Market Talk

Dow Jones06-15

0729 GMT - European energy stocks start the week lower after the U.S. and Iran announced an interim peace deal that should get oil shipments moving through the Strait of Hormuz. The agreement pushes Brent crude futures 4.6% lower to $83.29 a barrel while WTI falls 3.2% to $74.92 a barrel. Energy majors have reported bumper profits driven by higher oil prices and conflict-induced volatility that traders have been able to monetize. In opening trade in London, BP falls 4% while Shell drops 3.8%. Spain's Repsol drops 5.1% while France's TotalEnergies and Italy's Eni both slide 4.5%. Norway's Equinor falls 5.6%. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

June 15, 2026 03:29 ET (07:29 GMT)

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