May 8, 2026, 06:50 GMT
Major oil companies and global banks are reaping billions in profits from the ongoing US–Iran war, as energy markets remain volatile and financing needs surge. Oil giants benefit from soaring crude prices driven by the Strait of Hormuz blockade, while banks capitalize on increased demand for credit and hedging instruments amid geopolitical uncertainty. Analysts warn that such windfalls highlight how conflict fuels corporate gains even as ordinary populations face economic strain, underscoring the uneven impact of war on global markets.
(Source – BBC)
—Agencies
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