The longer the war drags on, the more profitable it is likely to be for oil companies, The Times noted. International oil prices, which were around prewar levels of $72 a barrel at the start of July, had rebounded to about $87 by Friday. #IranWar #InflationNation #ConsumersPay
Iran War Drives Oil Profits to Highest Levels in YearsThe world’s biggest oil companies are benefiting from the high commodity prices that have been a drag on the rest of the economy.www.nytimes.com