https://www.live-feeds.com/feed/how-us-oil-firms-profit-130bn-from-iran-war-as-household-bills-surgeContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/how-us-oil-firms-profit-130bn-from-iran-war-as-household-bills-surgehttps://www.live-feeds.com/feed/how-us-oil-firms-profit-130bn-from-iran-war-as-household-bills-surge#u179400Fri, 06 Nov 2026 01:25:24 +0000United States oil and gas companies generated more than $130 billion in profits during the war with Iran, capitalizing on soaring global energy prices. While American firms gained from disruptions to energy supplies from Russia and the Gulf, consumers faced surging household bills. The New York Times estimates 51 major US companies earned these profits over six months of conflict, a period during which Americans spent an additional $150 billion on fuel. Oil majors are now resisting pressure to invest in new refineries despite rising fuel costs.Why it mattersGlobal energy markets shifted as con