Live Updates: U.S. preparing new Iran strikes with Israel as Trump says, “We’ve done an amazing job”

Live Updates: U.S. preparing new Iran strikes with Israel as Trump says, “We’ve done an amazing job”

American oil and gas giants raked in massive spring profits while fighting between Iran and the U.S. impeded petroleum shipments and consumers around the world paid more for fuel and confronted shortages.

The conflict, now in its sixth month, halted most shipping through the Strait of Hormuz, a narrow waterway that previously served as a delivery route for a fifth of the world’s oil and natural gas. With global supplies constrained, prices for Brent crude, the international standard, soared from about $70 to above $100 a barrel for much of March, April and May, and at one point reached $126.

The money that oil companies accrued between the beginning of April and the end of June could receive extra scrutiny this year. Gasoline, diesel and jet fuel prices climbed during that period, increasing costs for drivers and airline passengers. Supplies ran low in some countries, leading to sporadic fuel rationing in Australia and government office closures in Nepal and Sri Lanka.

The attacks between the U.S. and Iran resulted in huge profits for some of the biggest publicly traded oil companies as they sold their goods for higher prices. Exxon Mobil on Friday reported doubling its second-quarter profits to $14.53 billion, up 105% from the same time a year ago. The oil giant, based in Spring, Texas, brought in $116.02 billion in revenue, up 42% from the same time last year.

Chevron, based in Houston, nearly quadrupled its profits to $12.07 billion, up 385% from the same quarter last year, and reported $70.06 billion in revenue, up 56% from the same time last year.

“There are constituencies around the world who are having a very good crisis, and the oil producers are one of them,” said Patrick Galey, fossil fuels lead at Global Witness.

Source link
#Live #Updates #U.S #preparing #Iran #strikes #Israel #Trump #Weve #amazing #job

Previous post

The Most Glamorous Looks From the RHOA Season 17 Reunion

Next post

SCOOP: Shah Rukh Khan fetches Rs 50 crore for King music; One of the biggest deals of recent time<div itemprop="articleBody"> <span itemprop="image" itemscope="" itemtype="https://schema.org/ImageObject" class=" hide"><meta itemprop="url" content="https://stat4.bollywoodhungama.in/wp-content/uploads/2026/07/SCOOP-Shah-Rukh-Khan-fetches-Rs-50-crore-for-King-music-One-of-the-biggest-deals-of-recent-time.jpg"/><meta itemprop="width" content="620"/><meta itemprop="height" content="450"/> </span> <p>Shah Rukh Khan is among the biggest superstars of Indian Cinema, whose starpower travels across the globe. After a spectacular theatrical run in 2023 with two blockbusters – <em>Pathaan</em> and <em>Jawan</em>, he returns on the big screen this Christmas with the Siddharth Anand directed <em>King</em>.</p><p><img class="aligncenter size-full wp-image-2149943" src="https://media5.bollywoodhungama.in/wp-content/uploads/2026/07/SCOOP-Shah-Rukh-Khan-fetches-Rs-50-crore-for-King-music-One-of-the-biggest-deals-of-recent-time.jpg" alt="" width="620" height="450"/><img class="lazyload aligncenter size-full wp-image-2149943" src="https://media5.bollywoodhungama.in/wp-content/uploads/2026/07/SCOOP-Shah-Rukh-Khan-fetches-Rs-50-crore-for-King-music-One-of-the-biggest-deals-of-recent-time.jpg" alt="" width="620" height="450"/></p><span class="img-dscp">SCOOP: Shah Rukh Khan fetches Rs 50 crore for King music; One of the biggest deals of recent time</span><input type="hidden" id="imagnary-id" value="2149942"/><span id="imagnary-data" class="loading"/><p>While the hype is at an all time high,<strong> Bollywood Hungama</strong> has exclusively learnt that the superstar is negotiating a record deal for the music rights of <em>King</em>. “With Sachin – Jigar on board, <em>King</em> music is among the hottest properties of the year. Sony, Sare Gama and T Series are making big bids to fetch the music. Leading the race is one of the above with an offer of around Rs 50 crore,” a source told <strong>Bollywood Hungama</strong>.</p><p>This would mark the third biggest music deal of modern times after <em>Ramayana</em> and <em>Dhurandhar 2</em>. “<em>King</em> is setting records in non-theatrical business. It is on the verge of sealing one of the biggest deals ever for an original music album in Hindi. One must note that Ramayana is Rs 75 crore for both parts together, and <em>King</em> is on the verge of closing with Rs 50 crore with a single film,” the source told us further.</p><p>Directed by Siddharth Anand, <em>King</em> is all set to hit the big screen during the Christmas 2026 weekend. The shoot is almost wrapped up, with just 15 days pending. The post production and edit work is going on in full swing too.</p><p><strong>Also Read: </strong><a href="https://www.bollywoodhungama.com/news/bollywood/shah-rukh-khans-king-enters-final-phase-of-shoot-last-international-schedule-planned-for-august-report/" target="_blank" rel="bookmark noopener"><strong>Shah Rukh Khan’s King enters final phase of shoot; last international schedule planned for August: Report</strong></a></p><h4> More Pages: <a class="yoast-link-suggestion__value" href="https://www.bollywoodhungama.com/movie/king/box-office/" title="King Box Office Collection" alt="King Box Office Collection">King Box Office Collection</a></h4><br/><h2 alt="Bollywood News - Live Updates" title="Bollywood News - Live Updates" style="font-size: 0.9rem;">BOLLYWOOD NEWS – LIVE UPDATES</h2><p>Catch us for latest <a href="https://www.bollywoodhungama.com/bollywood/" style="color:#000;font-weight: bold;" alt="Bollywood News" title="Bollywood News">Bollywood News</a>, <a href="https://www.bollywoodhungama.com/movies/" style="color:#000;font-weight: bold;" alt="New Bollywood Movies" title="New Bollywood Movies">New Bollywood Movies</a> update, <a href="https://www.bollywoodhungama.com/box-office-collections/" style="color:#000;font-weight: bold;" alt="Box office collection" title="Box office collection">Box office collection</a>, <a href="https://www.bollywoodhungama.com/movies/" style="color:#000;font-weight: bold;" alt="New Movies Release" title="New Movies Release">New Movies Release </a>, <a href="https://www.bollywoodhungama.com/hindi/" style="color:#000;font-weight: bold;" alt="Bollywood News Hindi" title="Bollywood News Hindi">Bollywood News Hindi</a>, <a href="https://www.bollywoodhungama.com/" style="color:#000;font-weight: bold;" alt="Entertainment News" title="Entertainment News">Entertainment News</a>, <a href="https://www.bollywoodhungama.com/news/" style="color:#000;font-weight: bold;" alt="Bollywood Live News Today" title="Bollywood Live News Today">Bollywood Live News Today</a> & <a href="https://www.bollywoodhungama.com/movie-release-dates/" style="color:#000;font-weight: bold;" alt="Upcoming Movies 2026" title="Upcoming Movies 2026">Upcoming Movies 2026</a> and stay updated with latest hindi movies only on Bollywood Hungama.</p></div>King,Marflix Pictures,Music,News,Red Chillies Entertainment,Shah Rukh Khan,Siddharth Anand,Song,Suhana Khan

Post Comment