Big oil making $30m an hour from Iran war - The Latest

15 April 2026 · 9m

Today in Focus

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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. Lucy Hough speaks to Damian Carrington, the Guardian’s environment editor – watch on YouTube. Help support our independent journalism at theguardian.com/infocus

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