Energy Producers' Shares Rise as Oil Prices Surge on Escalating US-Israel-Iran Tensions

MT Newswires Live

03/06

Shares of Woodside Energy Group (ASX:WDS) inched up in recent Friday trade, while Santos (ASX:STO) and Beach Energy (ASX:BPT) each rose around 2% as oil prices surged to their highest levels in months as escalating conflict involving the US, Israel and Iran disrupted global energy supplies and halted shipments through the Strait of Hormuz.

Brent crude futures rose 4.9% to $85.41 a barrel.

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