How big oil is cashing in on Iran war – The Latest | Oil

The world’s top 100 oil and gas companies made more than $30m every hour in unearned profit in the first month of the US-Israeli war in Iran, according to exclusive analysis for the Guardian.

The conflict pushed the price of oil to an average of $100 a barrel in March, leading to estimated windfall war profits for the month of $23bn for the companies.

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Lucy Hough speaks to Damian Carrington, the Guardian’s environment editor

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