Major Oil Companies Post Surging Profits as Iran Conflict Drives Up Prices
Major oil companies posted surging profits in the spring as U.S. and Israeli military conflict with Iran restricted shipping through the Strait of Hormuz, driving global Brent crude past $100 a barrel and pushing U.S. gasoline to $4.11 per gallon by late July. American oil and gas producers booked massive financial gains during the spring … Read more