From oil giants to banks - these companies are making billions from Iran war

Here’s the truth about the war in Ukraine pic.twitter.com/pBf4XkTO21

— Robert F. Kennedy Jr (@RobertKennedyJr) February 11, 2024

BBC is reporting that "As households across the globe count the costs of the US-Israel war in Iran, some companies have been counting bumper profits instead." Like BP. Dripping in profits from the Saudi monopoly.

"The uncertainty sparked by the conflict, and Iran's effective closure of the Strait of Hormuz, is driving up the cost of living and hitting the budgets of firms, families and governments. But while some have been pushed to the brink, others, whose core businesses are more profitable in a war or who benefit from volatile energy prices, have seen record earnings."

"Here are some of the sectors and companies making billions while the Middle East conflict continues. 1. Oil and gas. BP's profits more than doubled to $3.2bn (£2.4bn) for the first three months of the year. Shell also beat analysts' expectations when it reported a rise in first-quarter profits to $6.92bn."

"2. Big banks. Some of the biggest banks have also seen their profits boosted during the war in Iran. JP Morgan's trading arm made a record $11.6bn of revenue in the first three months of 2026, helping the bank overall to its second biggest ever quarterly profit."

"Across the rest of the 'Big Six' banks - which includes Bank of America, Morgan Stanley, Citigroup, Goldman Sachs and Wells Fargo, as well as JP Morgan - profits all rose substantially in the first quarter of the year. Overall, the banks reported $47.7bn in profits for the first three months of 2026."

RFK talked about the War Profiteers in the Ukraine conflict. The Iran war and invasion of Lebanon makes that took like small potatoes. So Netanyahu's atrocities in Lebanon have the backing of Big Oil and Banks. The road to hell is paved with gold so it is.