(BFM Stock Exchange) – Oil prices accuse dives of more than 10% in two sessions. Airlines jump because fuel is the most important spending post for these companies. Accor benefits from the renewal for risk and is also very exposed in the Middle East. The oil and parapetrolos values ​​are driven by the folds of black gold.

Once again, the evolution of the conflict in the Middle East between Iran and Israel causes important collateral effects on the equity markets.

Recall that Donald Trump announced that the two countries had established a cease-fire agreement, which neither Israel nor Iran has confirmed. Tel Aviv even accused Tehran of having broken this agreement.

“Despite all the fears expressed during the weekend, we have attended a fairly remarkable de-escalation of tensions in the Middle East in the last 12 hours,” observes Deutsche Bank.

In addition, Iran, on Monday evening, attacked an American base in Qatar. According to Reuters and the New York Times, Iran coordinated its attack with Qatar so as to minimize human victims and wounded.

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Totalnergies weighted by oil prices

Following this attack, oil prices suddenly won.

Black gold fell because investors understood “that Iran’s reprisals did not target energy targets and that (Tehran) probably sought to avoid climbing with the United States, Iran having warned Qatar before the strikes,” said Deutsche Bank.

This Tuesday, the August contract on the Brent de Mer du Nord fell 2.4% after falling 8.5% on Monday, losing more than 10% in two sessions.

The fall in black gold prices leads to a decrease in oil values, whose activity and profitability is logically linked to barrel prices. To give an idea, Totalenergies estimates that his deadline, the profitability threshold, is at 25 dollars per barrel of Brent, excluding the dividend.

Totalnergies fell by 3.5% while London BP abandons 4.3%.

Another declining sector: defense groups. The increase in geopolitical risk tends to bring their titles. The opposite occurs this Tuesday. Thales decreases by 2% and Dassault Aviation abandons 1.7%.

A less violent fuel bill for Air France-KLM

Conversely Air France-KLM leaps by 10%, powered by the drop in oil. In Frankfurt, Lufthansa climbs 5.8% while London Iag flipped by 6.3%.

The fuel invoice is one of the main airline spending stations.

For example, in 2024, this invoice represented expenses of 6.74 billion euros for Air France-KLM, according to the company’s universal recording document. In 2025, its exposure was $ 7.11 billion.

In February the company estimated that an increase of 10% of the price of the barrel of Brent (or 86 dollars at the time) on average for 2025 would increase its fuel invoice of $ 487 million.

Another group of CAC 40 rising sharply: Accor. The hotel group took 5.2%. “Accor remains a cyclical value and the hypothesis of a ceasefire with the Middle East allows market relaxation as to the macroeconomic environment ‘,” explains an analyst. In addition, “Accor is the most exposed hotel group in the region, the ‘Middle East-Africa’ area representing around 14% of its income,” added this expert.