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The Guardian - US
The Guardian - US
World
Lauren Aratani in New York

War in Iran is boosting profits for oil and defense companies as US gas prices soar

Gas prices displayed at a Chevron station in Atlanta
Gas prices are displayed at a Chevron station on Friday in Atlanta. Photograph: Mike Stewart/AP

Two weeks into the US-Israel war with Iran, the White House was fielding heavy criticism that the conflict would drive up gas prices and frustrate voters. Donald Trump turned to Truth Social to appease Americans about gas prices, which were slowly climbing toward $4 a gallon.

“The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,” he wrote.

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