from pete_link@lemmy.ml to world@lemmy.world on 28 Apr 13:03
https://lemmy.ml/post/46550453
cross-posted from: lemmy.ml/post/46550451
27 April 2026 | Last update: 7:10 ET 27 April
As the death toll in Iran rose above 3,500 and the dual blockade of the vital Strait of Hormuz by the US and Iran continues, fossil fuel and weapons companies have seen their profits rise dramatically since the war by the US and Israel began two months ago.
The standoff between the US and Iran in the Strait of Hormuz has left 1,600 vessels and 20,000 seafarers stranded in the Gulf, as Brent crude tops $107 a barrel.
While hitting the pockets of millions in Europe, Asia and worldwide, the war has created big winners. BP’s first-quarter profit more than doubled year-on-year to $3.2 billion, the highest for the British oil giant since 2023, Reuters reported on Tuesday.
Recent analysis conducted by climate charity Global Witness for the Guardian found that major oil and gas companies made over $30m an hour in the first month of the war on Iran.
#world
threaded - newest
Hell of a combo, didn’t know BP had arms in their portfolio!
<img alt="" src="https://lemmy.ml/pictrs/image/16db2919-8ef0-41c3-aeb1-11b325176e6b.png">
The essential act of war is destruction, not necessarily of human lives, but of the products of human labor. War is a way of shattering to pieces, or pouring into the stratosphere, or sinking in the depths of the sea, materials which might otherwise be used to make the masses too comfortable, and hence, in the long run, too intelligent. -George Orwell