Iran war hurting global economy as IMF meeting begins; oil falls on peace hopes – business live
Rolling coverage of the latest economic and financial news
The Middle East conflict has provided lucrative opportunities for BP.
The energy giant told the City this morning that it expects to post an “exceptional” results from oil trading in the first quarter of the year – a period in which the oil price spiked after the Iran war began.
“The Iran conflict must be a line in the sand on how we deal with global crisis and instability.
“I will go to America with a clear message: global leaders must take co-ordinated economic action and supercharge the path to energy security to protect ourselves in the future.”
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