economy
How big oil is cashing in on Iran war
The world’s top 100 oil and gas companies made more than $30m every hour in unearned profit in the first month of the US-Israeli war in Iran, according to exclusive analysis for the Guardian.
TL;DR
- Top 100 oil and gas companies earned over $30 million per hour in unearned profit.
- Profits were made in the first month of the US-Israeli war in Iran.
- The conflict caused oil prices to average $100 per barrel in March.
- Estimated windfall war profits for the month reached $23 billion.