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LSE:BP 10 February 2026 - 14 July 2026

European Stocks Slide as Oil Stays Above $100 on Iran Conflict; Stoxx 600 Heads for Second Weekly Loss

European Stocks Slide as Oil Stays Above $100 on Iran Conflict; Stoxx 600 Heads for Second Weekly Loss

European shares fell on Friday and looked set for a second weekly loss, as oil stayed above $100 a barrel and the conflict involving Iran kept markets on edge. The STOXX 600 was down 0.5% at 596 by 0924 GMT, banks led losses with a 1.9% drop, and energy stocks bucked the move, up 0.5% with BP and Shell each gaining more than 1.5%. Traders have also swung from betting on ECB rate cuts to pricing one quarter-point hike by year-end and nearly a 75% chance of a second move.
UK Stock Market Today: FTSE 100 Slides as Oil Jumps, BoE Cut Bets Take Another Hit

UK Stock Market Today: FTSE 100 Slides as Oil Jumps, BoE Cut Bets Take Another Hit

London shares slipped at the open on Thursday. The FTSE 100 dropped 0.7% to 10,281.08, while the FTSE 250 shed 0.4% to 22,287.39. Brent crude topped $100 a barrel for a short stretch following renewed Gulf shipping attacks, dragging the indexes lower for a second day and keeping traders stuck on energy news.
BP PLC Shares Rise as Oil Prices Spike, but Traders Still Bet the Windfall Fades

BP PLC Shares Rise as Oil Prices Spike, but Traders Still Bet the Windfall Fades

BP climbed 2.2% in London on Monday after Brent crude briefly crossed $119 a barrel. Even so, shares are up 7.8% since the U.S.-Israeli war on Iran erupted late last month—well behind crude’s more than 40% surge. That spread points to skepticism about a lasting supply hit; James West at Melius Research noted the market was anticipating a “swift end” to the Strait of Hormuz disruption.
Oil prices spike past $84 as Iran war shuts Hormuz, rattles global stocks

Oil prices spike past $84 as Iran war shuts Hormuz, rattles global stocks

Oil climbed over 3% Wednesday, with Brent crude hitting $84.07 per barrel and U.S. West Texas Intermediate settling at $76.80. The U.S.-Israeli war on Iran hit Middle East supply lines hard, forcing tanker traffic to a halt at the Strait of Hormuz. “The primary near-term driver for oil prices remains the US-Iran conflict,” OANDA’s Kelvin Wong said. U.S. President Donald Trump suggested Navy escorts for commercial vessels, but that didn’t calm the market.
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