# BP

Type: Company (BP)

Source: Supply Chain Intelligence Brief — https://getsupplybrief.com/entity/bp
Canonical HTML page: https://getsupplybrief.com/entity/bp

## Timeline

- **2026-06-19**: Formal signing ceremony — A formal signing ceremony scheduled in Switzerland finalizes the interim accord.
- **2026-06-18**: Deal takes effect, oil drops — Announcement triggers Brent to fall to $77.9; Strait of Hormuz reopening and naval blockade lift begin immediately.
- **2026-06-17**: Interim deal signed — Trump signs the agreement during a dinner at the Palace of Versailles, hosted by French President Macron, after the G7 summit.
- **2026-06-14**: Trump heralds deal — President Trump, celebrating his 80th birthday, reveals the outline of the peace agreement.
- **2026-04**: April ceasefire — A temporary ceasefire is announced, later extended by the June peace deal.
- **2026-02-28**: Conflict starts — The US-Israel war on Iran commences, leading to the effective blockade of the Strait of Hormuz.
- **2026-02-27**: Pre‑war oil baseline — Brent crude stood at just under $73 a barrel, the day before the US-Israel war on Iran began.

## Recent coverage (2 stories)

### Brent Drops 35% from Peak as Strait Reopens — Supply Chains Breathe Relief
2026-06-28 17:25:02 · Sentiment: Neutral · Impact: 7/10 · Sources: 3

The US‑Iran interim deal lifts the naval blockade of the Strait of Hormuz immediately, reversing the oil price surge from $120 to $77.9. Logistics managers and freight buyers now contend with rapidly easing fuel surcharges, but a 60‑day horizon keeps contingency plans active.
Full story: https://getsupplybrief.com/story/strait-of-hormuz-reopen-supply-chain-relief

### Australia's Fuel Security Crisis: Private Control and Offshore Storage Risks
2026-03-13 05:48:50 · Sentiment: Neutral · Impact: 5/10 · Sources: 2

Australia's national fuel security is under intense scrutiny as reports reveal that the majority of the country's strategic reserves are held by private corporations or stored in overseas facilities. This reliance on non-government assets and international 'tickets' creates a significant vulnerability for the domestic supply chain and transport sectors.
Full story: https://getsupplybrief.com/story/australia-fuel-reserves-private-offshore-risk

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