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From oil giants to banks - these companies are making billions from Iran war
Key takeaways
- Archie Mitchell Business reporter Getty Images As households across the globe count the costs of the US-Israel war in Iran, some companies have been counting bumper profits instead.
- The uncertainty sparked by the conflict, and Iran's effective closure of the Strait of Hormuz, is driving up the cost of living and hitting the budgets of firms, families and governments.
- But while some have been pushed to the brink, others, whose core businesses are more profitable in a war or who benefit from volatile energy prices, have seen record earnings.
Why this matters: a developing story that could shape the day's news cycle.
Archie Mitchell Business reporter Getty Images As households across the globe count the costs of the US-Israel war in Iran, some companies have been counting bumper profits instead.
The uncertainty sparked by the conflict, and Iran's effective closure of the Strait of Hormuz, is driving up the cost of living and hitting the budgets of firms, families and governments.
But while some have been pushed to the brink, others, whose core businesses are more profitable in a war or who benefit from volatile energy prices, have seen record earnings.
Article preview — originally published by BBC News. Full story at the source.
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