European Energy Stocks Fall As Oil Continues to Slide Ahead of Sanctions Relief -- Market Talk
Dow Jones
Jun 17
0736 GMT - European energy stocks open lower as oil prices continue to slide ahead of the signing of an interim peace agreement between the U.S. and Iran, which is expected to get oil flowing through the Strait of Hormuz. Under the agreement, the U.S. will allow Iran to start selling oil and fuel once the deal to end the conflict is signed on Friday, The Wall Street Journal reported. This pushes Brent down 1.1% to $78.08 a barrel, while WTI falls 0.4% to $75.47 a barrel. In London, BP falls 1.1% and Shell drops 0.9%. France's TotalEnergies is 1.3% lower while Italy's Eni slides 1.6%. Norway's Equinor is down just over 2%. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
June 17, 2026 03:37 ET (07:37 GMT)
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