BP Removes Chairman Over Governance Concerns Less Than a Year After Appointment

🛢️ BP — A chairman ousted for "conduct" while oil hits a decade high raises obvious questions. 📌 LOOK CLOSER: BP is navigating peak Hormuz disruption, rerouting tankers and repricing supply contracts in real time. A governance crisis at board level now creates a leadership vacuum at the exact moment strategic calls on Iran exposure, hedging, and Gulf rerouting costs require maximum institutional authority. Markets will ask what the "conduct" conceals.