Shell and BP rise as Brent oil price surges above $125 on fears of US escalation of Iran war

Shell PLC shares rose 0.9% and BP PLC gained 0.5% as crude oil prices surged to their highest levels since the US and Israel opened war on Iran. The move is supportive for integrated oil majors through higher realized prices, though the article reports only a modest immediate share-price reaction. The primary driver is geopolitical escalation feeding into energy markets.

Analysis

Shell PLC shares rose 0.9% and BP PLC gained 0.5% as crude oil prices surged to their highest levels since the US and Israel opened war on Iran. The move is supportive for integrated oil majors through higher realized prices, though the article reports only a modest immediate share-price reaction. The primary driver is geopolitical escalation feeding into energy markets.