European oil shares fall amid US-Iran peace deal (opens original article in a new tab)

European oil shares decline following a US-Iran peace deal that includes reopening the Strait of Hormuz and lifting sanctions on Iranian oil, causing Brent crude to drop 5% per barrel.

• European oil shares fall as US-Iran peace deal announced
• TotalEnergies and Shell lose 4.8% and 4.7% respectively
• Brent crude drops 5% per barrel following deal