Repsol is trading 4.3% up at €26.39 as crude prices surge on renewed Middle East tensions, including intercepted Iranian missile attacks and tanker seizures.
- The move marks a significant rebound from recent softness, with the stock outperforming a mostly flat broader equity market.
- Geopolitical volatility, including U.S.–Saudi strikes on Iran-aligned forces, is driving a rally across the energy sector, boosting oil-linked names despite a lack of company-specific news.