European Energy Stocks Dive 8% on US‑Iran Ceasefire

European energy stocks fell sharply, with BP down ~8% and Shell over 6% after oil prices plunged on US‑Iran ceasefire news.
Brent crude dropped 13% to $94.80 (intraday low $91.70) and WTI fell nearly 15% to $96.21 following the ceasefire announcement.
Broader European indices rose (FTSE 100 +2.7%, DAX +5%, CAC 40 +3.4%, Stoxx 600 +3.6%) while US and Asian markets also gained.
US President Donald Trump announced a two‑week suspension of attacks on Iran, conditional on Iran reopening the Strait of Hormuz; Iran’s foreign minister confirmed the cease‑fire.