0738 GMT - European oil companies are rising in early trade on higher oil prices after weekend tit-for-tat strikes between the U.S. and Iran. Confusion over whether the Strait of Hormuz is open also boosted prices. The U.S. said the Strait--which carries around a fifth of the world's oil--was open, while Tehran said it was closed. Brent crude is up 3.6% to $78.76 a barrel, while WTI futures rise 3.6% to $73.99 a barrel. In London, shares of BP and Shell are up 2.4% and 1.4%, respectively, while France's TotalEnergies shares are up 2%. Eni shares are up 2.5%, while Equinor shares are 2.7% higher. (ian.walker@wsj.com)
(END) Dow Jones Newswires
July 13, 2026 03:38 ET (07:38 GMT)
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