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From oil giants to banks: The companies making billions from the Iran war

May 8, 2026
in Business
Reading Time: 1 min read
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From oil giants to banks: The companies making billions from the Iran war
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US giants ExxonMobil and Chevron saw their earnings fall compared with the same period last year, due to supply disruption from the Middle East, but both beat analysts’ forecasts and expect their profits to grow further as the year goes on, with the price of oil still significantly higher than when the war broke out.

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