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Major oil companies reap massive profits as US and Iran fighting drives energy prices higher

Major oil companies reap massive profits as US and Iran fighting drives energy prices higher
Photo: KSAT 12 (ABC affiliate) · view original

American oil and gas giants raked in massive spring profits while fighting between Iran and the U.S. impeded petroleum shipments and consumers around the world paid more for fuel and confronted shortages. The conflict, now in its sixth month, halted most shipping through the Strait of Hormuz, a...

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