Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

BP Soars as War on Iran Drives Oil Prices to Record High

Guavy AI Editorial Team
Instruments
Oil
Share

BP's profits have skyrocketed to a record high of $5.73bn in the second quarter of 2026, as the ongoing US-Israeli war on Iran disrupts energy exports in the Gulf.

The company's profits more than doubled due to rising oil and gas prices caused by the conflict.

US President Donald Trump criticized major oil companies for 'making too much money' from high prices, stating, 'I don't like it. They're making too much money, okay? Based on a shortage, they're making too much money.'

More on Commodities

Commodities 5m ago

Williams Lands Momentum Midstream in $5 Billion Deal

Commodities 7m ago

Oil Prices Plummet as US-Iran Truce Extension Eases Supply Fears

Commodities 14m ago

Korea's Central Bank to Resume Gold Buying After 13-Year Hiatus

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Real-time market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy