Oil Companies Rake In $23 Billion in Excess Profits as Trump's Iran War Drives Up Gas Prices
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Summary
The article reports that major oil companies made $23 billion in excess profits during the first month of Trump's war in Iran, as crude oil surged over $100 per barrel. It highlights that while consumers face soaring gas prices, oil companies are reaping windfall profits rather than softening price hikes.
Key quotes
· 3 pulledAs Trump's war in Iran sends gas prices soaring, major oil companies are cashing in.
The world's largest oil and gas companies made $23 billion in excess profits during the first month of Trump's war as crude oil surged to over $100 per barrel.
Rather than softening price hikes for consumers or investing...
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