Oil companies are expected to reap big profits because of US-Iran conflict
Major oil companies report soaring profits as the conflict between the United States and Iran drives energy prices higher.
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Major oil companies report soaring profits as the conflict between the United States and Iran drives energy prices higher.
Gasoline prices are decoupling from crude oil trends, leaving consumers facing sustained costs regardless of market shifts.
Strait of Hormuz shipping traffic has reached a two-month low following a weekend of renewed conflict between U.S. and Iranian forces.
Oil prices have shifted upward following reports of ship attacks near the Strait of Hormuz, ending a period of declining gas prices.
President Trump has directed the DOJ to investigate oil companies over alleged price gouging, prompting a response from Chevron’s CFO.