Stock Movers Shell Climbs, BAE Systems Jumps, IAG Plunges
Mar 2, 2026
Markets react to heightened Middle East tensions and the sudden surge in oil. European energy stocks jump sharply while defense firms rally on geopolitical risk. Travel and airline shares tumble amid regional flight disruptions and rising fuel costs.
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Oil Stocks React Quickly To Middle East Risk
- Oil companies jumped in line with crude, with Shell rising as much as 5.2% amid an ~8% crude move.
- Sam Unstead links the knee-jerk rally to oil's surge after US and Israeli strikes increased Middle East risk, lifting energy stocks.
Defence Stocks Buoyed By Sustained Spending Outlook
- Defence names jumped as geopolitical uncertainty reinforced a multi-year uptrend in global defence spending since 2022.
- Sam Unstead says rising long-term budgets underpin revenue outlooks, explaining BAE Systems' sharp gain.
Airlines And Hotels Suffer From Middle East Flight Shutdowns
- Travel stocks plunged as flights around key hubs like Dubai effectively shut down, compounding fuel-cost worries from higher oil.
- Sam Unstead highlights Accor falling nearly 10% due to its higher Middle East exposure and demand risk.