Anonymousabout 3 hours ago
BP reported Q1 2026 underlying replacement cost profit of $3.2 billion — more than double the $1.38 billion it earned a year earlier — driven by "exceptional" oil trading gains after the U.S.-Iran conflict shut down the Strait of Hormuz and removed roughly 13 million barrels per day from global markets. The crisis has sent Brent crude above $105 a barrel, pushed U.S. gasoline prices up 30%, and exposed the disproportionate burden on lower-income American households, who spend roughly twice the share of their income on fuel compared to the wealthiest earners.