Shell and BP Climb As Middle East Tensions Heat Up

FTSE 100 oil heavyweights are back in analysts favour after oil prices surged from the intensifying Middle Eastern conflict.  BP and Shell shares have jumped around three per cent in the last week and climbed further as President Donald Trump weighed in on the attacks in Israel and Iran. Russ Mould, investment director at AJ Bell, said “concerns the US might join Israel’s military effort against Iran” were driving moves in oil, which triggered gains in Shell and BP. As Trump warned the US’ patience was “wearing…