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European energy stocks rise due to the increase in oil prices.
Golden Ten Data on June 23, as oil prices climbed, European energy stocks rose in early trading. Brent crude rose 1% to $78.02 a barrel and could rise further. Market watchers are waiting to see how Iran responds to the United States. Over the weekend, the United States launched a series of attacks on Iran. IG Morning Call analysts wrote that the closure or disruption of the Strait of Hormuz could push oil prices soaring to $100-110 per barrel. In London, BP rose 1.5%, Shell rose 0.8% and Harbour Energy rose 3%. France’s Total rose 0.6%, Spain’s Repsol rose 1.1% and Italy’s Eni was flat.