Member Info for Harmonica

Spights,

What I have learned is that it is NOT solely up to the USA to stop this war. Iran may decide to keep the Strait of Hormuz closed except for friends or those paying a toll.

Jamtart1,

Trump:

"‘They [Iran] better get moving, FAST, or there won’t be anything left of them.’"

Trump threatening Iran (yet again).

Henhas a big meeting on Tuesday about what can be done next.

Also, three drones attacking a nuckear power station in the UAE did not go down well! Two drones were shot down, but one got through,

'not, not "no".

President Donald J. Trump threatens Iran (no sure with what) unkess it acts "fast".

A shade over $112 per barrel.

BP plc share price to edge upwards in the morning?

TheWhickerMan,

Does Shell have assets in the Gulf of Persia?

EmeraldCarrots,

These pipelines will take ages to complete, so not a major thing now.

Also, Iran could hit them with drones at any time, so only of use in peacetime, when the Strait of Hormuz would be open anyway!

PaddygGuinness,

You might not care, fine, but the world does revolve outside of the UK where you live. President Trump has proved himself to be easily the biggest mover of the price of crude oil in 2026, with his military adventure in and around the Strait of Hormuz, and, of course, with his social media postings.

If he has written off the November 2026 mid-terms, then he may not worry too much about keeping the Strait of Hormuz closed, or, for that matter, attacking Iran some more. However, if he still harbours hope of electoral success, then he may be motivated to settle more quickly than he would otherwise. Either way, what he thinks, or what we believe he thinks is very much on-topic.

By moving the price of crude oil with his words and actions, the BP plc share price is very much affected.

PaddygGuinness,

That is a bit rich telling me "to behave myself" when after you started calling me names, which was reported.

Spights,

Thanks for the post.

With Fitch giving an A+ rating for the debt risk of BP, this re-affirms my belief that the belief that BP is over-geared is and was excessive.

Prediction for next Friday's close:

570p.

Fingers crossed tightly.

Last week, I predicted that the Bp share price would close at 560p.

It actually closed at 552.20, so less than 8p off.

How did others do?

LawStudent,

Could Trump now have written off the November mid-terms?

Lawstudent,

The BP share price is lagging, or indeed going into reverse, because of simple supply and demand economics. The sellers are profit taking and/or do not expect much upside, and the buyers are not sure enough, yet, that the proce is competitive enough; there is too much downside risk.

PaddygGuinness,

When have I ever "dished it out", abuse that is? Unlike you,nI have not people names.

Post reported for abuse.

What is your problem, PaddygGuinness?

LeeRex,

Thanks a bunch for that explanation.

Not all of us drive, let alone in continental Europe!

That you have to write "I think", would hint that it was not that certain what was being referred to.

Thanks again!

Clued,

I suspect that the reason why the BP share price has not risen further is due to limited demand to push the price higher. Why? People are worried to buy at highs, when peace could break out at any time, when prices would fall in a correction.

The longer this conflict continues,the better the chance of the price inching up. Time will tell.

Thedetector,

You got out at an excellent price!

I sold 75% of my holding on the way up to over £6.00. Since it has fallen, I have stayed put with the balance as I believe this conflict has a long way to go, so happy with the dividends whilst I wait to see if it will break 600p again.