European stocks rise as oil lifts energy shares

24 sourcesUpdated Jul 27, 2026

European stocks rose on July 21 as oil climbed on US-Iran tensions and a Houthi blockade, with energy and resources leading gains across major indices. Brent surpassed $90 a barrel, helping gains in oil majors and lifting the STOXX Europe 600 resources and metals sectors. Tech and AI-linked names, including ASML and ASM International, contributed to breadth gains as investors awaited major U.S. tech earnings. The rebound came amid persistent Middle East tensions and renewed European natural gas price pressures tied to the conflict. Banks such as UniCredit and BNP Paribas were higher ahead of earnings, while Novartis traded on earnings news, underscoring a mixed but active corporate backdrop. Investors also eyed the upcoming ECB policy decision, keeping a cautious tone even as the overall market posture remained positive.

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“European shares jump as oil drops on U.S.-Iran pause in busy central bank By Investing”

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