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.
Category: War and Armed Conflicts
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U.S. Oil Industry Earned Over $130 Billion in Profit During Iran War
The New York Times – Business: -
Saudi Arabia Postpones Its FII Investment Event After Houthi Attacks
The New York Times – Business:The Future Investment Initiative, a centerpiece of Saudi efforts to diversify its economy from its reliance on the energy industry, was set to begin next week.
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Attacks on Tankers in Mideast Surge, but Oil Exports Remain Steady
The New York Times – Business:Shipping operators are braving the Strait of Hormuz, but the risks are high and transportation costs have skyrocketed.
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Attacks on Tankers in Mideast Surge, but Oil Exports Remain Steady
The New York Times – Business:Shipping operators are braving the Strait of Hormuz, but the risks are high and transportation costs have skyrocketed.
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Strikes Put Saudi Arabia’s Economy Under Pressure
The New York Times – Business:Deadly attacks on the main Saudi airport add to the challenges facing the country, as it seeks to maintain energy production and keep major events on track.
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Houthis Say They Downed a Saudi Fighter Jet and Deny Targeting Mecca
The New York Times – On the Runway:The Iran-backed militia in Yemen made its claim hours after a Saudi-led military coalition accused it of firing a drone near the Muslim holy city.
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What Is Driving Diesel Prices Up? Energy Chaos Caused by Two Wars.
The New York Times – Business:President Trump recently blamed Ukrainian attacks on Russian refineries for causing a spike in diesel prices, but analysts say the Iran war is probably a bigger factor.
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Yemen’s Houthis Seize Strategic Red Sea Port, Officials Say
The New York Times – On the Runway:The Iran-backed militia routed Yemeni government forces in Mokha, putting the group in a stronger position to attack ships in a crucial waterway for global trade.
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Why Yemen Is Back on the Brink of War
The New York Times – On the Runway:The Houthi militia, the Yemeni government, Iran and Saudi Arabia all have reasons to escalate the conflict.
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25 Years After 9/11, Al Qaeda Still Has a Home in Afghanistan
The New York Times – On the Runway:The Taliban claim that Afghanistan is no longer a sanctuary for terrorist groups, but Al Qaeda and others are still present, reviving old fears.
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Yemen Tilts Toward Full-Scale War as Saudi-Houthi Clashes Escalate
The New York Times – On the Runway:With its oil-export routes once again under threat, Saudi Arabia is stepping up its military campaign against an old antagonist.