Politics
Trump’s Iran War Brings On Record Oil Company Profits
Sophie Hurwitz·Mother Jones·October 31, 2026

The US oil industry has earned almost $130 billion in profits since the US and Israel began bombing Iran in February. The same companies, according to the New York Times, earned less than $47 billion over the same span of 2025, when oil was comparatively cheap. Shipping and insurance costs have spiked thanks to the […]
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