A deal with Iran wouldn't lower your gas prices anytime soon [CNN]
BP p.l.c. (BP)
Last bp p.l.c. earnings: 4/29 04:01 pm
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Source: CNN
President Donald Trump made an ALL-CAPS reversal on Iran strikes Monday morning. That sent oil prices plunging Sadly, your gas prices aren't about to follow suit. The average price of US gas is closing in on $4 a gallon , and Americans are praying for relief at the pump. Diesel has topped $5 a gallon, starting to raise prices for anything that's shipped. But a lot needs to happen for gas prices to sink back to the sub-$3 range from before the war: Iran needs to open the Strait of Hormuz. Oil production needs to come fully back online. And lower crude prices need to make their way through the system. None of that is guaranteed. Even if it were, it's not a fast process. Iran has to play ball Trump on Monday told CNN's Kaitlan Collins that the Strait of Hormuz will open soon to oil tanker traffic, provided negotiations bear fruit. He said he hopes the crucial waterway would be jointly controlled by the United States and Iran. “Me and the Ayatollah,” Trump said. That's a
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- A deal with Iran wouldn't lower your gas prices anytime soon [CNN]CNN
BP
Earnings
- 2/11/26 - Beat
BP
Sec Filings
- 3/19/26 - Form 6-K
- 3/6/26 - Form 6-K
- 3/6/26 - Form 6-K
- BP's page on the SEC website