Al Jazeera · WorldNews · 2026-08-30
US energy companies have reaped billions from rising oil price, but their
US energy companies have reaped billions from rising oil price, but their assets in the region remain at risk. Since the war began on February 28, Brent crude has risen about 22 percent, from $72 to $88 a barrel. The Strait of Hormuz – through which one-fifth of the world’s oil and natural gas was shipped before the war – remains largely closed to commercial traffic.
Why it matters. Why it matters: US energy companies have reaped billions from rising oil price, but their assets in the region remain at risk.
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