# Large-scale disruption to oil and natural-gas production and shipping because of the war in Iran jolted energy markets in recent weeks.

*business · news · 2026-04-14 · MarketScreener*

## Key points

- BP expects an exceptional oil-trading result for Q1 due to Middle East war volatility.
- BP forecasts a significant working-capital build of $4–$7 billion, raising net debt to $25–$27 billion.
- This is BP's first operational update since Meg O'Neill became CEO in early April.
- BP's gas marketing and trading results are expected to be average, unlike the strong oil-trading performance.

**Companies:** BP, Exxon Mobil, Shell
**Countries:** Iran, United States

[Read the full story on MarketScreener](https://www.marketscreener.com/news/bp-sees-exceptional-oil-trading-result-as-middle-east-war-fuels-volatility-update-ce7e50dfd988f727)

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