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Euronews
Euronews
Doloresz Katanich

How the Iran war boosted profits at BP and Barclays

Barclays British Petroleum Iran Oil Iran War

British multinational oil and gas company BP’s first-quarter results were boosted by sharp swings in oil prices during the Iran war, which began on 28 February 2026.

The company said that underlying replacement cost profit more than doubled to $3.2 billion (€2.7bn) in the first three months of 2026.

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