President Trump cautioned that US strikes on Iran risk installing an equally adversarial regime, heightening volatility in global oil markets. The prospect of further retaliation and leadership changes in Tehran elevates uncertainty for Gulf shipping routes and energy infrastructure.

Global benchmark Brent briefly reached near $80 per barrel as conflict escalated, with traders bracing for supply disruptions. Prolonged tensions could sustain elevated oil prices, influencing BP's upstream revenues and refining margins.

The administration pledged insurance guarantees, naval escorts and coverage through the International Development Finance Corporation to safeguard tanker transit through the Strait of Hormuz. These steps aim to reduce insurance premiums and mitigate shipping risks for BP and other oil exporters.