BP profits double amid war

BP has announced a massive surge in first-quarter profits, reaching $3.2 billion as the energy giant benefits from high crude oil prices.

This figure is more than double the earnings reported in the previous quarter and marks the company's strongest performance in three years.

The profit spike is largely attributed to global market volatility caused by the ongoing war in Iran and the blockade of the Strait of Hormuz.

While the results have buoyed investors, they have also drawn sharp criticism from politicians and environmental groups who are calling for a new windfall tax to support struggling households facing record-high energy bills.