Galp Energia may move to sell its solar and wind holdings, RBC Capital Markets analyst Biraj Borkhataria says. Galp is buying 15 onshore wind farms in Spain for a 420‑million‑euro deal, after acquiring another portfolio in April for 320‑million‑euro. The combined wind‑solar mix could fetch a higher valuation than a solar‑only portfolio. Shares fell 3.6% to 19.31 euros.

In Europe, stocks slid after President Trump halted a possible military escalation against Iran. Brent crude fell 5.8% to 86.37 a barrel and WTI dropped 3.9% to 76.25. BP and Shell fell 3.5% and 1.8% respectively; Total Energies down 2.7%, Repsol 2%, Eni 4%, and Galp 4.6%.

Goldman Sachs warned Asia could see higher inflation as oil prices rise, keeping its Brent forecast at $80 per barrel for Q4, citing potential U.S.‑Iran strikes and a Red Sea bottleneck. Import and producer prices spiked across the region, though subsidies have moderated fuel costs.