0735 GMT - European oil stocks open higher after President Trump's announcement that the U.S. military would blockade the Strait of Hormuz sent oil prices rising. British oil majors Shell and BP gain 1.2% and 1.1%, respectively, while their peers like France's TotalEnergies and Italy's Eni pare back initial gains to rise 0.9% and 0.7%. The Stoxx Europe 600 Oil & Gas index is up 0.6%. "The announcement of a U.S. blockade of the Strait of Hormuz effective [Monday], an apparent refusal by Iran to abandon their nuclear ambitions and the likelihood of a renewed conflict led to another surge in the oil price, as a 7% rise lifted the level once more to over $100 per barrel," Interactive Investor's Richard Hunter says. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

April 13, 2026 03:35 ET (07:35 GMT)

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