Europe’s oil majors reap up to $4.75bn from trading on Iran war volatility

AI Summary

Europe's largest oil companies have capitalized on the volatility caused by the ongoing conflict regarding Iran, netting up to $4.75 billion from changes in the energy market. This suggests heightened speculative trading in response to geopolitical tensions.

Europe's three biggest oil companies reaped as much as $4.75bn from the turmoil in global energy markets as the Iran war caused violent ...