BP share price set for volatile London open as oil jumps on Hormuz shutdown
London, March 4, 2026, 07:51 GMT — Premarket BP heads into Wednesday’s London session under the spotlight, with Brent crude up 3.3% at $84.07 a barrel. Traders are watching fallout from the U.S.-Israeli standoff with Iran, which has rattled the oil market. “The primary near-term driver for oil prices remains the US-Iran conflict,” noted OANDA senior market analyst Kelvin Wong. Investors are also waiting for the latest U.S. crude stockpile numbers, set for release later on Wednesday.