6 August 2026 at 4:02 am
Summary
Amid the US-Iran conflict, Brent crude prices surged to $126 per barrel, leading to significant profits for oil companies, who argue these earnings are necessary for future investments despite criticism over excessive profits while consumers paid more for fuel.
US Crude Inventories Rise by 2.5 Million Barrels as Refinery Activity Slows, Imports Climb: EIA
6 Aug 2026, 1:59 am · Economy
California Officials Seek Action on Soaring Energy Company Profits Linked to Iran War
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Rupee Reaches One-Month Closing High Amidst Oil Price Decline
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5 Aug 2026, 9:58 pm · economy
War in Iran Drives Up Housing Costs in Gurgaon and Noida
5 Aug 2026, 9:57 pm · economy
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