OIL COMPANIES ARE EXPECTED TO REAP BIG PROFITS BECAUSE OF US-IRAN CONFLICT

A display shows $110.04 for gasoline on a fuel pump at a Mobil gas station on Wednesday, April 29, 2026, in Portland, Ore. (AP Photo/Jenny Kane, File) 2026-07-31T04:01:06Z NEW YORK (AP) — Analysts are expecting major oil companies to report raking in large spring profits while fighting between Iran and the U.S.

Associated Press reports that a display shows $110.04 for gasoline on a fuel pump at a Mobil gas station on Wednesday, April 29, 2026, in Portland, Ore.

The report adds: (AP Photo/Jenny Kane, File) 2026-07-31T04:01:06Z NEW YORK (AP) — Analysts are expecting major oil companies to report raking in large spring profits while fighting between Iran and the U.S.

impeded petroleum shipments and consumers around the world paid more for fuel and confronted shortages.

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