Wednesday, July 22, 2026
Big Oil to reap billions from Iran war windfall after a month of soaring energy prices- oil and gas 360

Big Oil to reap billions from Iran war windfall after a month of soaring energy prices

(BOE Report) – As Big Oil executives gathered this week and discussed the biggest-ever disruption to global energy supplies due to the war in Iran, there was one impact they did not address publicly: the multibillion-dollar windfall they will make because of soaring prices for the energy they sell. Global benchmark Brent crude has so far averaged around $97 per