Energy Producers' Shares Fall Even as Middle East Tensions Push Oil Prices Higher

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Shares of Woodside Energy Group (ASX:WDS) edged down in recent Wednesday trade, while Santos (ASX:STO) and Beach Energy (ASX:BPT) each fell around 1%, even as global oil prices hit their highest level since January 2025 amid escalating US-Israel-Iran tensions that disrupted Middle East energy shipments and fueled fears of a prolonged regional conflict.

Brent crude futures rose 4.7% to $81.40 a barrel.

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