BP profits more than double as Iran war sends oil prices higher

BP profits more than double as Iran war sends oil prices higher10 minutes agoShareSaveAdd as preferred on GoogleGetty ImagesBP's profits for the first three months of the year have more than doubled following a surge in oil prices since the beginning of the Iran war.In its first results since the conflict broke out, the energy giant reported profits of $3.2bn (£2.4bn) between January and March after an "exceptional" performance in its trading division.The figure was higher than analysts had expected and more than double the $1.38bn it reported in the same period last year.The results are the first under new chief executive Meg O'Neill, who took over the top role at the beginning of April.BP steps up cost cutting as profits slideBP names new boss as current CEO leaves after less than two yearsBPOil & Gas industry