From oil giants to banks: The companies making billions from the Iran war
- Corporations across the energy, banking, and defence sectors reported record earnings for the first quarter of 2026, driven by geopolitical instability from the Iran war fueling market volatility and increased global government spending.
- The Iran war's blockade of the Strait of Hormuz effectively closed a vital waterway for global shipments, causing energy prices to surge and creating a "supportive backdrop" for corporations seeking profits from market disruption.
- British oil giant Shell reported underlying earnings of $6.92bn on Thursday, while BAE Systems cited growing "security threats" pushing government defence spending and bolstering its order backlog significantly.
- Financial markets volatility benefited the "Big Six" banks—JPMorgan and Goldman Sachs among them—which collectively reported $47.7bn in first-quarter profits as investors sought safer assets amid ongoing conflict uncertainty.
- President Donald Trump told reporters that even $200 oil prices would be "worth it," while analysts note "supercharged interest in the renewable sector" as the conflict highlights energy diversification needs.
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Dnevni list Danas
The war in the Middle East is a boon for some industries - from defense, to large multinational banks and oil magnates, to companies dealing with sustainable energy.
While people around the world calculate their expenses more carefully, due to the war in Iran, some companies have instead calculated huge profits, reports BBC.
There are many companies that are making billions from the Iran war. Many businesses are more profitable in the war or benefit from volatile energy prices and have seen record profits. The post There are also winners in the Iran war: Companies and banks saw the crisis as an opportunity appeared first on in.gr.
The war against Iran increases the cost of living for households all over the world, and threatens the operations of a large number of companies, but it brought some companies a record
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