The agreement aims to conclude the ongoing regional conflict by permitting Iran to resume oil and fuel exports immediately, serving as a financial incentive for de-escalation. This shift in market expectations triggered a broad sell-off across the energy sector as traders moved to price in the sudden influx of supply.

Despite the bearish sentiment hitting the broader market, Norwegian energy major Equinor is doubling down on its long-term capital strategy. The company confirmed plans to increase spending on oil and gas projects while simultaneously bolstering shareholder returns. Part of this commitment includes a significant expansion of its 2026 share buyback program, which will now reach $3 billion.