0919 GMT - European oil companies are among the few stocks ticking higher on supply fears after some major producers in the Middle East ease production. Brent surpassed $100 a barrel on Monday for the first time since 2022, after closing around $92.69 a barrel on Friday. Shares in the U.K.'s Shell and BP rise 1.9% and 0.7%, respectively. Portugal's Galp is up 1.6% and Finland-based Neste gains 0.4%. High uncertainty around the disruption timeline for the Strait of Hormuz adds to the elevated price, analysts at Societe Generale write in a note. Meanwhile, with Iran naming Mojtaba Khamenei--the son of the slain Ayatollah Ali Khamenei--as the country's new supreme leader, it signals the continuation and strengthening of the Islamic Revolutionary Guard Corps instead of a compromise, the analysts add. (aimee.look@wsj.com)

(END) Dow Jones Newswires

0919 GMT - European oil companies are among the few stocks ticking higher on supply fears after some major producers in the Middle East ease production. Brent surpassed $100 a barrel on Monday for the first time since 2022, after closing around $92.69 a barrel on Friday. Shares in the U.K.'s Shell and BP rise 1.9% and 0.7%, respectively. Portugal's Galp is up 1.6% and Finland-based Neste gains 0.4%. High uncertainty around the disruption timeline for the Strait of Hormuz adds to the elevated price, analysts at Societe Generale write in a note. Meanwhile, with Iran naming Mojtaba Khamenei--the son of the slain Ayatollah Ali Khamenei--as the country's new supreme leader, it signals the continuation and strengthening of the Islamic Revolutionary Guard Corps instead of a compromise, the analysts add. (aimee.look@wsj.com)

(END) Dow Jones Newswires

March 09, 2026 05:40 ET (09:40 GMT)

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