Energy companies fall as oil hits lowest since start of Iran war after ceasefire deal

ConocoPhillips

18/06/2026 15:22

** S&P 500 energy index .SPNY falls 2.5% as oil prices ease O/R
** Oil falls to lowest since start of the Middle East conflict as U.S., Iran sign interim deal to end the war, reopen the Strait of Hormuz and ease sanctions on Tehran
** Brent crude futures LCOc1 fall 3% to $77.11/barrel; U.S. West Texas Intermediate futures CLc1 down 3.9% at $73.81/barrel
** Oil majors Exxon Mobil XOM.N and Chevron CVX.N down ~3% and ~2%, respectively
** Halliburton HAL.N, APA Corp APA.O, Occidental Petroleum  OXY.N and Baker Hughes BKR.O fall between 2.9% to 4%, among the biggest percentage losers on the energy index
** Oilfield services firm SLB SLB.N down 2.4%
** Refiners Phillips 66 PSX.N and PBF Energy PBF.N down ~1% and 1.3%, respectively 

 (Reporting by Dharna Bafna in Bengaluru)
 ((dharna.bafna@thomsonreuters.com))