The oil company BP reported this Tuesday, 14th, that market conditions and the volatility of oil prices caused by the war in Iran will have an impact on its financial results for the first quarter of the year.
The company, listed on the London Stock Exchange, estimates an exceptional result in oil sales in the first three months of 2026, after a weakness recorded in the last quarter of 2025.
In a statement, BP added that it is observing “impacts associated with the current situation in the Middle East and market conditions, which translate into increased volatility in the prices of crude oil, natural gas and refined products during the latter part of the first quarter.”
These market conditions are expected to have an impact on financial results, insisted BP, which expects to release its first quarter 2026 results on April 28.
This Tuesday, the barrel of Brent oil for delivery in June fell more than 1%, given the market’s optimism regarding the possibility of the US and Iran continuing to negotiate to reach a peace agreement, and despite the fact that US President Donald Trump keeps the Strait of Hormuz blocked.
Brent futures contracts, Europe’s benchmark oil, fell 1.49% this morning to $97.88 on the London futures market.
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