European energy stocks edge higher as oil stabilizes
European energy stocks posted slight early gains as oil prices halted their decline; elevated risks to shipping through the Strait of Hormuz remain, with a Monday incident involving a tanker reportedly struck by a projectile, per U.K. Maritime Trade Operations.
European energy stocks posted slight gains in early morning trade as oil prices stopped falling. Risks to shipping through the Strait of Hormuz remain elevated. A tanker entering the strait was struck by a projectile on Monday, according to U.K. Maritime Trade Operations.
However, there remains so…