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The Guardian World News · Aug 4, 2026 6:54 AM EDT EnergyGeopolitics

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

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, …

BP profits more than double as Iran war sends oil prices soaring
Image The Guardian World News

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