Shell Is Profiting Massively Off the War in Iran

Shell’s adjusted second-quarter earnings jumped to $9.84 billion, far above forecasts, as the Iran war drove oil prices higher.

The conflict is also boosting other energy majors such as Chevron and ExxonMobil.

Banks including JPMorgan, along with defense contractors like Lockheed Martin, Boeing, and Northrop Grumman, are benefiting from the volatility.

Consumers face higher fuel costs even as the war deepens civilian and economic damage.