The latest: Iran is threatening to disrupt shipping across the Persian Gulf, Sea of Oman, and Red Sea if the US blockade continues. President Trump’s POV? He called the war "very close to over." Regardless, in-person negotiations may resume this week.
Follow the money: The world's top 100 oil & gas producers pocketed an estimated $23B in windfall profits in March alone—roughly $30M an hour, a Global Witness analysis found. If oil holds around $100/barrel through year-end, that figure balloons to $234B.
Molly Glick
Energy Central Team
Thu, Apr 16
NEWS: The longer the Iran War drags on, the bigger the checks for oil majors.
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