{"id":131329,"date":"2026-05-26T08:05:11","date_gmt":"2026-05-26T08:05:11","guid":{"rendered":"https:\/\/www.europesays.com\/iran\/131329\/"},"modified":"2026-05-26T08:05:11","modified_gmt":"2026-05-26T08:05:11","slug":"bp-and-shell-shares-slide-after-oil-prices-drop-on-talks-to-end-iran-war","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/iran\/131329\/","title":{"rendered":"BP and Shell shares slide after oil prices drop on talks to end Iran war"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">Oil giants\u00a0<a href=\"https:\/\/finance.yahoo.com\/quote\/SHEL.l\" data-ylk=\"slk:Shell PLC (LSE:SHEL, NYSE:SHEL);elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Shell PLC (LSE&quot;}\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">Shell PLC (LSE:SHEL, NYSE:SHEL)<\/a>\u00a0and\u00a0<a href=\"https:\/\/finance.yahoo.com\/quote\/BP..l\" data-ylk=\"slk:BP PLC (LSE:BP.);elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;BP PLC (LSE&quot;}\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">BP PLC (LSE:BP.)<\/a>\u00a0were a major brake on the progress of the FTSE 100 in early trading after the long weekend, as investors reacted to a sharp fall in oil prices the previous day.<\/p>\n<p class=\"yf-1fy9kyt\">Brent crude, which dropped from $107 a barrel last Thursday to below $96 on Monday, rebounded 2% on Tuesday to trade at $98.22 a barrel\u00a0after fresh US and Israeli strikes on southern Iran raised fears that a fragile ceasefire could yet unravel.<\/p>\n<p class=\"yf-1fy9kyt\">BP shares were down 1.3% to 544.4p in morning trading, extending losses to 5.1% over the past month. Shell fell 1.1% to 3,173.5p, down just over 2% over the month.<\/p>\n<p class=\"yf-1fy9kyt\">On Monday, while trading in London was closed for a bank holiday, oil markets swung sharply on hopes that tensions in the Middle East could ease\u00a0after\u00a0Donald Trump said a &#8220;memorandum of understanding&#8221;\u00a0in talks to end the\u00a0US and Israel&#8217;s war on Iran &#8220;has been largely negotiated&#8221;.<\/p>\n<p class=\"yf-1fy9kyt\">However, the US launched strikes on southern Iran overnight, targeting missile launch sites and boats allegedly laying mines, in what Washington described as \u201cdefensive\u201d action during the seven-week ceasefire.<\/p>\n<p class=\"yf-1fy9kyt\">This came despite a senior delegation of Iranian\u00a0negotiators, including the foreign minister, parliament speaker and central bank chief, travelling to Qatar for fresh talks with the US over frozen financial assets and a possible wider deal.<\/p>\n<p class=\"yf-1fy9kyt\">Analysts at Deutsche Bank\u00a0said markets were becoming more optimistic that \u201cthe days may also be numbered for the war in Iran\u201d, with the 48-day truce suggesting the US was unlikely to pursue a sustained escalation unless \u201cthere was absolutely no alternative\u201d.<\/p>\n<p class=\"yf-1fy9kyt\">Oil majors have benefited from higher crude prices since the conflict intensified earlier this year, though recent falls have raised concerns that earnings momentum could weaken if tensions continue to ease.<\/p>\n<p class=\"yf-1fy9kyt\">\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Oil giants\u00a0Shell PLC (LSE:SHEL, NYSE:SHEL)\u00a0and\u00a0BP PLC (LSE:BP.)\u00a0were a major brake on the progress of the FTSE 100 in&hellip;\n","protected":false},"author":2,"featured_media":131330,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[3],"tags":[130,44041,38,34,261,18389,4570],"class_list":["post-131329","post","type-post","status-publish","format-standard","has-post-thumbnail","category-iran","tag-bp-plc","tag-bp-shares","tag-donald-trump","tag-iran","tag-oil-prices","tag-shell","tag-southern-iran"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/116639847429855542","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/131329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=131329"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/131329\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/131330"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=131329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=131329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=131329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}