BP profits more than double as Iran war sends oil prices soaring

Source: www.theguardian.com · Section: headlines · Bias: Center-Left · Published: Tue, 04 Aug 2026 06:54:30 GMT

Energy company’s $5.73bn quarterly profits come after Shell posted second highest quarterly earnings on recordBusiness live – latest updatesBP has reported its highest quarterly profits since the first year of Russia’s war on Ukraine because of rising oil and gas prices caused by the Middle East crisis.The oil company’s quarterly profits more than doubled to $5.73bn (£4.27bn) in the three months to the end of June, up $2.5bn from the quarter before, as the ongoing conflict in the Middle East continued to disrupt energy exports from the Gulf. Continue reading...

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The same story across the political spectrum (15 sources)

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Center-Left: Energy Dept. draws fire for slow pace of Venezuelan oil deals — www.axios.com
Center-Left: With Russia at the door and the US backing away, Europe has to build its own ‘way of war’ — www.theguardian.com
Center-Left: Threat to oil tankers in Middle East worst since start of Iran war, analysts say — www.bbc.com
Center-Left: ‘The war leaked into every lesson’: learning Ukrainian in a country under siege — www.theguardian.com
Right: Reports: Saudi Crown Prince Urges Trump to Avoid Wider Middle Eastern War — www.breitbart.com
Right: Homeowner opens fire on burglar who was on parole for previous burglary conviction, cops say. There won't be future offenses. — www.theblaze.com

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