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TotalEnergies reaped more than $1B profit from Iran war: What to know
TotalEnergies reaped more than $1B profit from Iran war: What to know
Non-Middle Eastern energy firms have been particularly benefiting as energy flows have been choked off from the Gulf.
Jack Dutton
Mar 30, 2026
The daily fuel prices are displayed at a Total Access station in Forbach, northeastern France, on March 27, 2026. — Jean-Christophe VERHAEGEN / AFP via Getty Images
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French energy major TotalEnergies reportedly made more than $1 billion in profit after buying up large amounts of Middle Eastern oil in March amid the US-Israel-Iran war that has upended the whole region.
TotalEnergies’ traders bought every available May-loading cargo of crude from the United Arab Emirates and Oman that was offered in March, the Financial........
© Al Monitor
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