Oil Prices Rise and Energy Companies Report Record Profits Amid US Iran Conflict
4 sources across 4 countries · Brazil · Singapore · United Kingdom · United States · 1 of them is linked to a state
Who reported this
- CNN Brasil
- The Straits Times
- Reuters
- Associated Press
What the colours mean
- Left
- Centre-left
- Centre
- Centre-right
- Right
- A hatched block means the outlet is affiliated with, or controlled by, a state.
Political lean describes where an outlet sits within the politics of its own country. It is never a position on a single global scale.
Political lean is comparable inside one country and not across them, which is why the bar groups by country first. Publicly funded broadcasters are not marked as state-linked.
The owner of each outlet is listed as a matter of record, not as a judgement about the outlet.
Global oil prices rose more than 1 percent on Friday following reports from Iran that it stopped two vessels attempting to exit the Strait of Hormuz. This development follows a period of sharp escalation in the conflict between the United States and Iran, including joint US and Saudi strikes on Iranian allied forces in Iraq and Iranian drone attacks on US military facilities in Kuwait and Bahrain. US Central Command stated that US forces continue to blockade Iranian oil exports via the Gulf. Meanwhile, Iran has denied involvement in a separate drone attack on ships at the Mediterranean port of Damietta in Egypt, attributing the incident to Israeli plots.
How each side framed it
- Centre
- Center outlets focused on the economic impact, highlighting the massive profits reaped by major oil companies due to the conflict.
- Centre-right
- The center right outlet focused on the geopolitical and military details, emphasizing the strategic control of the Strait of Hormuz and the specific movements of naval forces.
Sources
- Centre Associated Press: Major oil companies reap massive profits as US and Iran fighting drives energy prices higher - AP News
- Centre CNN Brasil: ExxonMobil profits US$ 160 million per day in 2nd quarter due to war in Iran
- Centre Reuters: Oil prices seen gaining as Middle East supply disruptions persist: Reuters poll - Reuters
- Centre-right The Straits Times: Oil price rises after Iran says it stops ships in Hormuz
100% of the statements in this article were traced back to the source articles listed above.