Oil company BP reported this Tuesday, the 14th, that market conditions and oil price volatility caused by the war in Iran will impact its financial results for the first quarter of the year. The company, listed on the London Stock Exchange, expects an exceptional result in oil trading for the first three months of 2026, following weakness recorded in the last quarter of 2025. In a statement, BP added that it is observing 'impacts associated with the current situation in the Middle East and market conditions, which translate into greater volatility in crude oil, natural gas, and refined product prices during the latter part of the first quarter.' These market conditions are expected to impact financial results, insisted BP, which plans to release its first-quarter 2026 results on April 28. This Tuesday, the Brent crude oil barrel for June delivery fell more than 1%, due to market optimism regarding the possibility of the US and Iran continuing to negotiate a peace agreement, despite US President Donald Trump keeping the Strait of Hormuz blocked. Brent futures contracts, Europe's benchmark oil, fell 1.49% this morning to 97.88 dollars on the London futures market. BP's net profit rose 5.3% in 2025 to 1.1 billion euros.