Why are oil companies posting record profits amid Iran war disruption?
Big Oil companies have bagged astronomical profits as the critical Strait of Hormuz remains closed.
Source excerpt
The closure of the critical Strait of Hormuz in the Middle East has disrupted global energy flows, causing oil prices to spiral for months and impacting energy markets worldwide.
Thousands of miles away from the Persian Gulf, household prices have soared in the United States and Europe, as the so-called Big Oil companies bag astonishing profits from the fallout of the war on Iran.
Companies like ExxonMobil, Chevron, Shell, and BP have climbed the ladder amid chaos, netting billions in profits as the war drags on with no end in sight, and with hostilities widening into the Red Sea.
So, how much money have Big Oil companies made due to the Iran war?
Bold News stores the normalized extraction for evidence and analysis. This public wrapper shows a limited excerpt; use the original link for the publisher's complete presentation.