Serica slumps after US withdraws from Iran deal

Serica Energy worked to reassure investors on its Iran operations on Wednesday, following US President Donald Trump’s decision to pull the US out of the nuclear agreement with the country, made late on Tuesday.

FTSE AIM All-Share

730.42

13:15 14/11/24

n/a

Oil & Gas Producers

7,937.77

13:14 14/11/24

0.87%

68.31

Serica Energy

123.50p

13:14 14/11/24

0.73%

0.90p

The AIM-traded company said it was evaluating the implications of Trump’s statements, and how they related to the Rhum field in which the Iranian Oil Company UK was a 50% partner.

“We will update the market, as appropriate, in due course,” the Serica board said, without giving any further detail.