Big oil making $30m an hour from Iran war - The Latest
Apr 15, 2026•10 min
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Episode description
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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