Shell Shares Among FTSE 100 Risers as Brent Holds $111 during Iran Tensions
Shell shares rose as one of roughly 20 blue-chip FTSE 100 risers, outperforming peers during a market decline led by defence and aerospace stocks. Brent crude traded around $111 a barrel as investors reacted to Trump’s ultimatum on Iran and attacks on Kharg Island oil terminals.
1. Shell Outperforms During Broader Market Sell-off
Shell shares rallied as one of roughly 20 blue-chip risers on the FTSE 100, even as defence and aerospace names led the index lower by up to 4%. The stock’s resilience stood out amid a wider risk-off mood that saw major industrials and cyclicals slip.
2. Brent Crude Stabilizes Around $111 on Middle East Developments
Brent crude held near $111 per barrel following reports of explosions at Kharg Island oil facilities and President Trump’s deadline for Iran to reopen the Strait of Hormuz. The tight oil supply outlook and geopolitical risk supported energy stocks, including Shell.