Brent Tops $111 as Analysts Raise Forecasts on Hormuz Stalemate
Oil prices extended gains in Asian trade on Tuesday, with Brent Crude topping $111 per barrel, as the Strait of Hormuz remains inaccessible for more than eight weeks and the U.S.-Iran talks are nowhere near resumption. In the early morning in Europe, the Brent Crude futures were rising by 2.61% to $
OilPrice · April 28, 2026
BP Profit More Than Doubles as War-Driven Oil Trading Surges
BP (NYSE: BP) more than doubled its profit for the first quarter from a year earlier as oil prices jumped and oil trading boomed amid the war in the Middle East in the latter part of the quarter. BP, the first of the supermajors to announce first-quarter results this earnings season, on Tuesday r
OilPrice · April 28, 2026