European energy stocks opened higher after escalating US‑Iran tensions, sending $76.48 a barrel for Brent and $71.09 for WTI.

BP rose 2.3%, Shell 1.3%, and Repsol climbed 3.7% thanks to a solid downstream update. Enil gained 2.8%, Total Energies 1.5%, and Equinor 2.9%.

Repsol’s Q2 results show downstream strength while upstream fell short of expectations. Analysts project earnings to beat consensus by about 10%, lifting shares 4.1% to 22.92 euros.

B.Grimm Power is positioned as a post‑Iran conflict play. Falling energy prices are set to boost its small‑power business, with EPS growth forecast at 120% in 2027, 8% in 2028, and 38% in 2029. The target price rose to 20.00 baht from 14.00, and shares are up 6.1% to 19.20 baht.

Rising oil prices lift revenue for oil and gas firms, enhancing investor sentiment and driving share prices upward, as seen across the sector.