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Energy Down on Hopes for Iran De-escalation - Energy Roundup

Provided by Dow Jones Jul 31, 2026, 3:05:00 AM

Shares of energy companies fell amid hopes for a de-escalation in the Iran war.

American forces carried out strikes against Iran on Wednesday night, in what the U.S. military called a "powerful response" to Iran's missile attacks on U.S. forces in Jordan. Egypt said drones struck ships in one of its Mediterranean ports, stirring fears about the conflict spreading further through the Middle East.

British oil major Shell posted an increase in second-quarter earnings, aided by a strong trading performance and higher prices stemming from the conflict in the Middle East.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

July 30, 2026 18:05 ET (22:05 GMT)

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