BP’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.
US President Donald Trump claims that Iran has told the US it is in a state of "collapse" and would like the US to reopen the Strait of Hormuz as soon as possible.
Meanwhile, a superyacht linked to one of Russian President Vladimir Putin’s key allies has sailed through the strait, despite the ongoing blockade of the critical shipping channel.
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