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

Oil companies are set to report massive profits as the US-Iran conflict escalates. With fighting halting shipments through the crucial Strait of Hormuz, gas prices have surged over four dollars a gallon, leaving consumers facing rising cost...

AP News· Jul 31, 2026 · 8:22 AM · 42 views

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Oil companies are set to report massive profits as the US-Iran conflict escalates. With fighting halting shipments through the crucial Strait of Hormuz, gas prices have surged over four dollars a gallon, leaving consumers facing rising costs and potential fuel shortages worldwide.

Full story and more reels: https://newsreel.video #news #breaking #oilprices #Iran #US #economy #fuelshortage

Originally reported by AP News. Read the full story →

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