The situation in the Middle East has led to a general increase in European stocks and the oil sector.

European stock markets opened with oil stocks rising, while oil prices also saw a slight increase. Kathleen Brooks, the research director of XTB, wrote that investors seem to believe that there will be no further impact on the supply side of oil. However, Brooks stated that if the conflict in the Middle East escalates, there is still room for oil prices to rise. In the London stock market, British Petroleum rose by 1.4% and Shell by 1.3%. Total Energy in France increased by 0.8%, Eni Group in Italy by 1.1%, Repsol in Spain by 2%, and Galp Energy in Portugal by 0.6%.