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Stock Market 4 March 2026

BP share price set for volatile London open as oil jumps on Hormuz shutdown

BP share price set for volatile London open as oil jumps on Hormuz shutdown

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.
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