US oil firms post more than $130bn in profits as Iran war drives up energy prices
United States oil and gas companies have reported more than $130bn in profits during the war on Iran, according to an estimate cited in the supplied material. The gains come as consumers in the United States and elsewhere face higher prices for petrol, diesel and other energy products. The report links the surge in earnings to tighter global energy supplies and disruption affecting Gulf and Russian flows.The estimate is described as a conservative calculation based on the performance of 51 large US oil and gas companies over the six months from April through September. In the same period in 2025,... [Continue Reading]
360LiveNews | 02 Nov 2026 15:36 LONDON
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