European Energy Stocks Rise After U.S., Iran Exchange Fire
Dow Jones15:16
0716 GMT - European energy stocks open higher after the U.S. and Iran exchanged fire in an escalation that could threaten peace talks. The U.S. also blocked Iran's ability to sell oil legally on Tuesday in response to recent attacks on ships near the Strait of Hormuz. This pushes Brent crude futures up 3.1% to $76.48 a barrel while WTI is up 2% to $71.09 a barrel. In London, BP rises 2.3% and Shell is up 1.3%. Spain's Repsol rises 3.7%, aided by a strong second-quarter trading update. Italy's Eni is 2.8% higher and France's TotalEnergies is up 1.5%. Norway's Equinor opens 2.9% higher.(adam.whittaker@wsj.com)
(END) Dow Jones Newswires
July 08, 2026 03:16 ET (07:16 GMT)
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