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Stock impact report

Oil prices climb past $105 a barrel as war in Iran enters third week [CNN]

BP p.l.c. (BP) 
Last bp p.l.c. earnings: 4/29 04:01 pm Check Earnings Report
Company Research Source: CNN
The price of oil rose to its highest level since July 2022 Sunday evening as the Trump administration suggested the war with Iran could last several more weeks and President Donald Trump called on the international community for help reopening the Strait of Hormuz to oil tankers. Brent crude, the global benchmark, rose 2.9% to about $106.12 a barrel. US oil rose 2.86% to $101.53. The US and Israel-led war in Iran has now entered its third week, causing the biggest oil disruption in history and driving oil to settle above $100 per barrel on Friday. The Strait of Hormuz, the vital waterway controlled by Iran, has been effectively shut for oil tankers to pass through since the start of the war. About 20% of the world's oil supply flows through the chokepoint. The Trump administration has repeatedly tried to assuage concerns about shipping flows. Trump has said that the US will send naval forces to escort and protect oil tankers as they travel out of the Middle East. But the admi Show less Read more
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