Oil giants reap $93 billion in unexpected profits due to the Iran war
2026-08-17 04:03:51
According to CoinMeta, as the Strait of Hormuz has been almost completely closed, oil prices have soared in recent months, and the profits of oil and natural gas companies have increased significantly worldwide. The eight largest oil companies achieved profits of over $90 billion in the three months from April to June 2026, affected by the attacks on Iran by the United States and Israel and the subsequent war. With rising oil prices, consumers' energy bills have also increased, and governments are calling for additional taxes to be imposed on oil companies to subsidize energy costs and address environmental damage.
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Source:Internet
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