As U.S. gas prices soar to their highest levels in four years, it’s becoming clear that the war in Iran has been very profitable for oil and gas companies. BP boasted about “exceptional” performance in the first quarter of this year, and TotalEnergies, which is based in France, announced $5.4 billion in net profits, Patricia…
For oil and gas companies, it has been a profitable war. The energy shock caused by the conflict in Iran, missile attacks on oil and gas facilities in the Persian Gulf and, most crucially, the halt on shipping traffic in the Strait of Hormuz have produced a spectacular bonanza as energy prices have soared. The…
Shorouk Express Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email Rachel Reeves should tax bank profits to recover taxpayer money spent on compensating losses from the Bank of England’s cash-printing drive, a think tank…
