European oil shares regain some ground after Trump says U.S. will hit Iran hard

Shares in European oil companies pare Wednesday's losses after U.S. President Donald Trump said Washington will hit Iran "extremely hard" over the next two to three weeks, squashing hopes for a de-escalation in the Middle East

A basket of European energy stocks .SXEP are up 1%

Oil prices jump after the comments, with Brent futures LCOc1 rising 6.5% to $107.81 a barrel by 0713 GMT and U.S. West Texas Intermediate crude CLc1 surging 6.1% to $106.25 a barrel

Among single stocks, Orlen PKN.WA, Repsol REP.MC and Maurel & Prom MAUP.PA rise between 1% and 3.2%

OMV OMVV.VI and TotalEnergies TTEF.PA are up between 1.8% and 2.1%

Eni ENI.MI and Galp GALP.LS rise 3.2% and 3.4% respectively, while Shell PLC SHEL.L and BP BP.L are up 2.2% and 3%, respectively