European Energy Stocks Plunge on US-Iran Ceasefire

European energy stocks fell sharply, with Shell down 6.6%, BP 7.8%, Maurel & Prom plunging 14.4% after oil prices tumbled.
Brent crude dropped 13% to $94.80 and WTI fell nearly 15% to $96.21 following the US‑Iran ceasefire announcement.
Major European indices rose, with FTSE 100 up 2.7%, DAX +5%, CAC 40 +3.4% and Stoxx 600 +3.6%.
US President Donald Trump pledged a two‑week suspension of attacks on Iran, conditional on reopening the Strait of Hormuz.