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British BP shares have surged to the top of the oil and gas sector in the stock market amid the conflict between the US and Israel with Iran, noted Bloomberg. While BP's competitors (notably, Exxon Mobil) are facing significant production disruptions due to the war in the Middle East, BP is gearing up to report 'exceptional' profits in oil trading on April 28, the agency points out.

Shares of Greenland Energy Company (NASDAQ:GLND) shot up 20% on Monday after the company announced a deal with Halliburton for integrated consulting services and logistics management for the 2026 drilling campaign in Jameson Land.
The agreement covers planning, coordination, handling, and transportation of equipment, services, and goods, as well as comprehensive drilling services for Greenland Energy's onshore campaign in the Jameson Land basin.

European nations are taking steps to establish a multinational naval mission to ensure safe shipping in the Hormuz Strait, responding to the fact that conflict during the US and Israel's war against Iran has disrupted traffic in one of the world's most crucial trading routes.

The ongoing conflict in the Middle East has solidified America's position as a global powerhouse in energy exports, with international demand for American oil, natural gas, and petroleum products hitting unprecedented levels.
According to the U.S. Energy Information Administration, total exports of crude oil and petroleum products last week reached a record 12.9 million barrels per day, as global markets scramble to offset supply disruptions related to the Strait of Hormuz and damaged facilities in Qatar.

Lithium prices are hitting new hurdles, according to Rothschild & Co Redburn, which warned that a return to market surplus in 2027 will weigh on prices and undermine the investment appeal of major producers.
The updated demand and supply modeling from analyst Mazahir Mammadli points to three converging pressure factors, including a halt in battery overproduction, a slowdown in electric vehicle sales growth, and limited increases in battery sizes, as available models with smaller batteries are selling better than the larger ones.