Oil companies are expected to reap big profits because of US-Iran conflict0

• Gear / Gear News and Events, General, News, Newsletters, Security / Security News, US
• August 2, 2026

NEW YORK — Analysts are expecting major oil companies to report raking in large spring profits while fighting between Iran and the U.S. impeded petroleum shipments and consumers around the world paid more for fuel and confronted shortages. The conflict, now in its sixth month, halted most shipping through the Strait of Hormuz, a narrow