🟢 BP is trading 4.2% up today as crude prices surge on U.S.-Iran tensions

BP is trading 4.2% up at £503.00 as investors rotate into energy following renewed U.S.-Iran tensions in the Strait of Hormuz.

• The rally builds on the company's strategic pivot back toward core oil and gas and cost discipline under new CEO Meg O’Neill.
• BP is now positioned to benefit more directly from elevated oil prices, outperforming broader equity markets which are currently trading lower.