US Iran Conflict Drives Oil Price Surge and Energy Profits Amid Global Economic Strain
6 sources across 6 countries
Who reported this
- UOL
- La Tercera
- Der Spiegel
- The Japan Times
- Neue Zuercher Zeitung
- Reuters
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.
The ongoing conflict between the United States and Iran has led to a surge in oil prices and significant financial gains for energy corporations, while simultaneously disrupting global manufacturing and economic growth. Recent military escalations include a United States offensive targeting dozens of Iranian Revolutionary Guard facilities, including command centers and missile sites, as a response to Iranian missiles fired at United States forces. This operation followed warnings from President Donald Trump that the United States would strike hard.
Energy companies have seen substantial profit increases due to price volatility and supply shortages. Shell reported second quarter profits of 9.8 billion dollars, which is more than double the amount from the previous year. Total Energies saw its adjusted profit jump by two thirds to 6 billion dollars. The commodity trader Glencore expects a trading profit of 3.3 billion dollars for the first half of the year. These gains are linked to Brent crude oil averaging 104 dollars per barrel in the second quarter, compared to 81 dollars in the first quarter.
Other sectors of the global economy have faced challenges. Toyota reported a fifth consecutive month of falling sales attributed to disrupted supply routes and rising raw material costs. The German economy grew by only 0.2 percent in the spring; analysts noted that future recovery depends on the resolution of the conflict between the United States and Iran. In Chile, gasoline prices increased following the recent wave of attacks.
How each side framed it
- Centre-left
- Outlets of this lean emphasized the fragility of national economies and general market volatility caused by the conflict.
- Centre
- Outlets of this lean focused on reporting specific corporate financial outcomes and sales data without extensive framing.
- Centre-right
- Outlets of this lean highlighted the specific corporate entities that have emerged as winners of the war through high profit margins.
Sources
- Centre-left Der Spiegel: Despite Iran war: German economy grows minimally
- Centre-right La Tercera: Oil rises and touches US$ 90 after a new wave of US attacks against Iran
- Centre-right Neue Zuercher Zeitung: From Shell to Glencore: The winners of the Iran war are already determined
- Centre Reuters: Shell profit more than doubles to $9.8 billion, second-highest on record, as Iran war lifts prices - Reuters
- Centre The Japan Times: Toyota sales fall for fifth month on Iran turmoil and China
- Centre-left UOL: Oil price fluctuates this Thursday after new attacks between USA and Iran
94% of the statements in this article were traced back to the source articles listed above.