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The conflict between Iran and the United States has significantly affected global energy markets, disrupting petroleum shipments and raising fuel prices. After almost six months, the fighting has stopped most shipping via the Strait of Hormuz, a vital waterway that used to handle a fifth of the world's oil and natural gas.
This disruption has left consumers facing higher fuel costs and shortages, while creating a favorable environment for major oil producers. Chevron (CVX) , based in Houston, Texas, nearly quadrupled its profits in Q2 FY2026 as stronger energy prices supported its results.
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#Iran #hormuz
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2 months ago

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