Oil companies are expected to reap big profits because of US-Iran conflict - AP News
business 2026/07/31 04:01:00

Oil companies are expected to reap big profits because of US-Iran conflict - AP News

Source:Associated Press
Author:Cathy Bussewitz

Major oil companies reported massive profits while fighting between Iran and the U.S. impeded petroleum shipments. Prices for Brent crude soared above $100 a barrel for much of the spring. Constrained supplies meant consumers around the world paid more for fu…