Shares of energy companies rose alongside oil futures, recouping some recent losses despite diminished risk of U.S. airstrikes in Iran.
Oil futures rose 0.4% to $59.44 a barrel in New York.
Reza Pahlavi, the son of the shah of Iran who was toppled in the 1979 revolution that installed clerical rulers, called for military strikes on Tehran.
Japanese industrial conglomerate Mitsubishi agreed to acquire a U.S. shale-gas business for $5.2 billion in an effort to secure U.S. energy assets as geopolitical uncertainties persist.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
01-16-26 1717ET
