From oil giants to banks - these companies are making billions from Iran war

Energy prices have surged due to the war in Iran, with a fifth of the world's oil and gas transported through the Strait of Hormuz effectively grounding to a halt. European oil giants have benefited from sharp price movements, with BP's profits more than doubling to $3.2bn and Shell beating analysts' expectations with a rise in first-quarter profits to $6.92bn. TotalEnergies saw its profits jump by almost a third, driven by volatility in oil and energy markets