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Explore →War in Iran is boosting profits for oil and defense companies as US gas prices soar
<p>As Americans struggle with rising prices, Lockheed Martin, Shell and other companies are experiencing gains</p><p>Two weeks into the <a href="https://www.theguardian.com/world/us-israel-war-on-iran">US-Israel war with Iran</a>, the White House was fielding heavy criticism that the conflict would drive up gas prices and frustrate voters. Donald Trump turned to Truth Social to appease Americans about gas prices, which were slowly climbing toward $4 a gallon.</p><p>“The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,” he <a href="https://www.theguardian.com/us-news/2026/mar/12/trump-gas-prices-iran-war">wrote</a>.</p> <a href="https://www.theguardian.com/world/2026/apr/06/defense-contractors-oil-companies-profit-iran-war">Continue reading...</a>
<p>As Americans struggle with rising prices, Lockheed Martin, Shell and other companies are experiencing gains</p><p>Two weeks into the <a href="https://www.theguardian.com/world/us-israel-war-on-iran">US-Israel war with Iran</a>, the White House was fielding heavy criticism that the conflict would drive up gas prices and frustrate voters. Donald Trump turned to Truth Social to appease Americans about gas prices, which were slowly climbing toward $4 a gallon.</p><p>“The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,” he <a href="https://www.theguardian.com/us-news/2026/mar/12/trump-gas-prices-iran-war">wrote</a>.</p> <a href="https://www.theguardian.com/world/2026/apr/06/defense-contractors-oil-companies-profit-iran-war">Continue reading...</a>