UK oil and gas stocks rise on Middle East tensions

EditorMaria Ponnezhath
Published 2025/06/13, 10:52
© Reuters

Investing.com -- UK oil and gas stocks traded higher on Friday after an Israeli strike on Iran raised concerns about potential disruptions to gas supplies in the Middle East.

BP (NYSE:BP) and Shell (LON:RDSa) were among the top gainers, with BP rising 2.9% and Shell up 1.7%.

North Sea-focused oil and gas producer Serica Energy (LON:SQZ) climbed 2.3%.

Other North Sea explorers also posted gains, with EnQuest, Ithaca Energy (LON:ITH) and Harbour Energy (LON:HBR) rising between 3.1% and 4.3%.

The upward movement in oil and gas stocks came as market participants assessed the potential impact of escalating tensions between Israel and Iran on energy supplies from the region.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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