European energy shares slipped as oil prices fell on expectations of a U.S.–Iran interim peace deal that could reopen the Strait of Hormuz. Brent slid 1.1% to $78.08 a barrel, while WTI dropped 0.4% to $75.47. In London, BP fell 1.1%, Shell 0.9%, Total Energies 1.3%, Eni 1.6% and Equinor just over 2% and ease the supply premium that has lifted.

Nomura analysts see Indonesia’s Sariguna Primatirta poised for a 19% rise in net profit after tax by 2026, driven by expanding sales of packaged water and a 6% lift in average selling prices. Yet higher packaging costs prompted an 8% cut to the 2026 earnings forecast and a target price reduction to 620 rupiah, leaving the stock 1% lower at 388 rupiah but investors remain cautious.

Japan is trimming its reliance on Middle Eastern crude, with imports from the region falling from roughly 94% of volume in 2025 to about 80% in April‑May, according to NLI Research. The shift improves supply security but comes at a cost: U.S. crude bought in the same period priced roughly $10 per barrel above Middle Eastern oil, pressuring refiners’ margins, raising concerns for downstream firms.