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US Oil Industry Reaped $130 Billion in Profits During Iran War
Original: U.S. Oil Industry Earned Over $130 Billion in Profit During Iran War
The New York Times reports that the U.S. oil industry earned more than $130 billion in profit during the Iran war, nearly three times what oil producing and refining businesses made over the same period in 2025. The figures are drawing attention to how conflict in the Middle East drove up prices and revenues for American energy companies while consumers paid more.
Why now: The striking profit figures during a wartime period raise questions about energy companies benefiting from the conflict.
U.S. oil industryThe New York TimesIranUnited States
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Evidence
- U.S. Oil Industry Earned Over $130 Billion in Profit During Iran War · The New York Times
That was almost three times as much as what businesses producing and refining oil in the United States made in the same period in 2025.
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