BP Share Price Hits Fresh Year High as $100 Oil and Kaskida Approval Lift Stock
BP shares hit a year high Monday, trading near 537.8 pence in London as Brent crude stayed above $102 and tensions around Iran threatened the Strait of Hormuz. BP also secured U.S. approval for its $5 billion Kaskida Gulf of Mexico project. Oil producers outperformed a flat FTSE 100, though analysts warned the rally could fade if supply disruptions ease.