BP shakes up its leadership … again

Iran has accused the U.S. of violating a recent ceasefire following airstrikes on missile launchers and boats, even as back-channel negotiations continue in Doha to extend the truce and address nuclear concerns. Meanwhile, BP faces further leadership instability after removing its chair, Albert Manifold, amid reports of divisive management and a broader strategic struggle to balance oil and gas development with green energy transitions. In the Eurozone, the European Central Bank is signaling a likely interest rate hike in June to combat rising inflation driven by energy shocks. Concurrently, the UK mid-cap market is experiencing a revival in acquisition interest, with international buyers targeting companies like Tate and Lyle and Spire Healthcare. These acquisitions reflect a broader trend where undervalued UK firms attract foreign investment despite lackluster domestic productivity growth and political uncertainty.