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European Energy Stocks Drop Amid Trump Tariff Threat

1/19/2026

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Story summary
  • European energy stocks declined in early trading after U.S. President Donald Trump threatened tariffs on imports from eight European countries.
  • Brent crude fell 1.1% to $63.43 per barrel while WTI rose 0.4% to $59.44 per barrel.
  • BP, Shell, TotalEnergies, Repsol, and Eni posted stock declines, with BP down 1% and TotalEnergies down 1%.
  • The overall market mood turned risk-off amid these developments.