The oil, gas and arms companies profiting from the war on Iran

The oil, gas and arms companies profiting from the war on Iran Submitted by Fleur Hargreaves on Mon, 04/27/2026 - 14:00 As bills rise across the world, campaigners call out the fossil fuel and weapons firms raking in mega profits A drop of petrol falls from the nozzle of a petrol pump at a petrol station in Vélizy-Villacoublay, near Paris, on 9 March 2026 (Alain Jocard/AFP) Off As the death toll in Iran moves above 3,500 and energy bills rise for UK households, fossil fuel and weapons companies have seen their profits rise dramatically since the war by the US and Israel began two months ago. The standoff in the Strait of Hormuz has left 1,600 vessels and 20,000 seafarers stranded in the Gulf amid a standoff between the US and Iran, as Brent crude tops $107 a barrel. While hitting the pockets of millions in Europe, Asia and worldwide, the war has created big winners.