{
  "id": 1340391,
  "title": "Oil Majors Reap $93 Billion Windfall From the Iran War",
  "url": "https://urgent.news/2026/08/16/oil-majors-reap-93-billion-windfall-from-the-iran-war-1340391",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-16T19:00:00.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/energy/articles/oil-majors-reap-93-billion-190000461.html"
  },
  "original_language": "en",
  "account": "In recent months, oil prices have surged due to the closure of the Strait of Hormuz, a vital trade route. This has resulted in significant profits for oil and gas companies worldwide, especially in the U.S. and Europe. During the first half of the year, eight major oil firms collectively earned over $90 billion, a trend anticipated to persist as long as the Hormuz trade remains disrupted. The Iran's decision to blockade the Strait of Hormuz has led to the worst disruption of fossil fuel supplies in market history. While some oil giants like Aramco, BP, Shell, Equinor, TotalEnergies, Eni, Chevron, and ExxonMobil have doubled their combined profits, others, such as the U.S. President Donald Trump, have criticized the earnings, stating they come at a time when consumers face higher inflation and economic strain.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "OilPrice",
        "title": "Oil Majors Reap $93 Billion Windfall From the Iran War",
        "url": "https://urgent.news/2026/08/16/oil-majors-reap-93-billion-windfall-from-the-iran-war",
        "published": "2026-08-16T19:00:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}