Shares of energy companies fell alongside U.S. oil futures amid hopes the U.S. and Iran would extend a cease-fire despite clashes around the Strait of Hormuz.

WTI, Brent slide over 6% as ‘war risk premium’ fades on US-Iran talks

Shares of energy companies fell alongside U.S. oil futures amid hopes the U.S. and Iran would extend a cease-fire despite clashes around the Strait of Hormuz.