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economicAug 4, 2026
BP profits more than double as Iran war sends oil prices soaring
Summary
BP 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.
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- Jillian AmbroseBy Jillian Ambrose
BP 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, …
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