European oil stocks fall after US pauses strikes in Iran

OMV Aktiengesellschaft

27/07/2026 09:01

** Shares in European oil and gas producers fall after the U.S. paused strikes in Iran and Iran said would halt its own attacks as long as the pause holds
** Oil prices fall after the announcements, with Brent futures .LCOc1 down 6.3% to $90.65 per barrel by 0725 GMT
** The European benchmark oil and gas index .SXEP is down about 2%
** Among single stocks BP BP.L, Equinor EQNR.OL, Var Energi VAR.OL, ENI ENI.MI and Maurel & Prom MAUP.PA fall 3.6%-4.3%
** Neste NESTE.HE, Shell SHEL.L, Repsol REP.MC, Aker BP AKRBP.OL, TotalEnergies TTEF.PA and OMV OMVV.VI are down 1.8%-3%
** Portugal's Galp .GALP.LS falls 3.8% following Q2 results and an acquisition of a wind portfolio

(Reporting by Alexander Klyve Gudbrandsen)
((alexanderklyve.gudbrandsen@thomsonreuters.com))