BP Profits Surge Amid War

Note: This section contains information in English only.
Source: Dukascopy Bank SA
BP's first-quarter profits more than doubled to $3.2 billion as the energy giant capitalized on the price surge triggered by the Iran war. With the Strait of Hormuz blockade cutting off 20% of global supply, Brent crude has soared to $110 a barrel. In her first report as CEO, Meg O'Neill highlighted an exceptional trading performance while the industry faces a critical supply crunch, with warnings that Europe may have only six weeks of jet fuel remaining.
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