Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Shell rose as much as 5.2%,the most in three years. That's as oil surged the most in four years as traders gauged the impact of the effective closure of the Strait of Hormuz triggered by US and Israeli strikes against Iran.
- Global equities opened the week in risk-off mode following US and Israeli strikes on Iran. Defence contractor BAE Systems led gains in its sector jumping as much as 5.7%.
- IAG shares fall as much as 13% in their steepest decline since November 2021. That's as travel chaos extended through the Middle East and beyond amidst the conflict.