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Norway’s national oil company profits double to $11.5bn amid war on Iran

Norway's national oil company, Equinor, has reported a staggering profit of $11.5 billion this quarter, driven by rising oil prices linked to the ongoing conflict in Iran. Increased production is helping to fill market gaps caused by shippi...

The Guardian· Jul 22, 2026 · 9:52 AM · 3 views

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Norway's national oil company, Equinor, has reported a staggering profit of $11.5 billion this quarter, driven by rising oil prices linked to the ongoing conflict in Iran. Increased production is helping to fill market gaps caused by shipping blockades in the Hormuz Strait, but analysts warn of continued volatility as geopolitical tensions rise.

Full story and more reels: https://newsreel.video #news #breaking #oil #Equinor #IranConflict

Originally reported by The Guardian. Read the full story →

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