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

BP's profits for the first three months of the year have more than doubled to $3.2 billion due to a surge in oil prices since the onset of the Iran war. This figure far exceeded analysts' expectations and was more than double the $1.38 billion reported last year. CEO Meg O'Neill, who took over in early April, stated that BP is working with customers and governments to minimize disruptions caused by the conflict.