Who are the economic winners and losers of the US-Israel war on Iran?
Six months since the United States and Israel launched their war on Iran, triggering turmoil in world energy markets, the fallout continues to reverberate through many areas of the global economy. While the war has strained many sectors of the economy, it has also been a boon for some industries.
Why It Matters
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Key Facts
- Fact 1: Israeli strike kills 3-year-old child in Gaza Vote count starts in Guinea-Bissau referendum on strengthening presidency Lamine Yamal getting back to ‘top level’, Barcelona coach Flick says What is Notting Hill Carnival’s Jab Jab parade?
- Fact 2: ExxonMobil, the largest oil company in the US, reported $14.5bn profit in the second quarter of this year, its best quarterly earnings in four years.
- Fact 3: Chevron, the second-largest US producer, posted a $12bn profit for the same period, the highest in six years.
- Fact 4: France’s TotalEnergies raked in a profit of $6bn in the April-June period, up from $3.6bn last year.
Six months since the United States and Israel launched their war on Iran, triggering turmoil in world energy markets, the fallout continues to reverberate through many areas of the global economy. While the war has strained many sectors of the economy, it has also been a boon for some industries.
Israeli strike kills 3-year-old child in Gaza Vote count starts in Guinea-Bissau referendum on strengthening presidency Lamine Yamal getting back to ‘top level’, Barcelona coach Flick says What is Notting Hill Carnival’s Jab Jab parade? Here is a look at some of the key economic winners and losers of the war: Winner: Oil companies The closure of the Strait of Hormuz, alongside Iranian strikes on energy infrastructure in Gulf countries, has sent the price of oil soaring since the start of the war. That has boosted the bottom lines of some of the world’s biggest energy companies.
(Original synthesis pending human/AI review — generated by the stub provider by selecting real sentences from the source material, not by writing new analysis or commentary.)
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