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Major oil companies reap massive profits as US and Iran fighting drives energy prices higher
Summary by The San Antonio Editorial Desk Cathy Bussewitz, Associated Press , as published by KSAT 12 (ABC affiliate)
· July 30, 2026
· 1 min read
Photo: KSAT 12 (ABC affiliate) · view original
Story provenance No corrections
Summary created by The San Antonio Editorial Desk — automated, rule-governed Byline on source page Cathy Bussewitz, Associated Press, as published by KSAT 12 (ABC affiliate) Original story Read at the source Source published Jul 30, 2026 Indexed here Jul 31, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key takeaway Further details on the impact of the conflict on oil prices and the profits of American oil and gas giants are available from KSAT 12.
Fighting between the US and Iran has driven energy prices higher, benefiting major oil companies. The conflict has impeded petroleum shipments, leading to shortages and higher fuel costs for consumers worldwide. The Strait of Hormuz, a key delivery route, has seen most shipping halted due to the conflict.
As a result, global supplies are constrained, causing prices for Brent crude to soar. Further details on the impact of the conflict on oil prices and the profits of American oil and gas giants are available from KSAT 12.
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About this story
As published by KSAT 12 (ABC affiliate) . The San Antonio surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSAT 12 (ABC affiliate) . Have a tip or correction? Contact our newsroom .
Category: local Published: July 30, 2026 Source: KSAT 12 (ABC affiliate) Reading time: 1 min
Frequently asked about this story
What is this story about? Fighting between the US and Iran has driven energy prices higher, benefiting major oil companies. The conflict has impeded petroleum shipments, leading to shortages and higher fuel costs for…
When was this published? This article was first published on July 30, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.
Who reported this story? This story was reported by Cathy Bussewitz, Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The San Antonio, or browse our daily briefing and topic hubs .
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