Who has profited most from the war on Iran?
2 hours ago
- #defense-contractors
- #energy-markets
- #war-profiteering
- Energy companies like Saudi Aramco and BP saw massive profit increases due to soaring oil prices from disrupted Strait of Hormuz shipping.
- Defense contractors such as Boeing and Northrop Grumman benefited from increased defense spending and orders as conflicts depleted munitions stockpiles.
- Freight and insurance companies, including tanker operators like Frontline and insurers like Gard, gained from higher shipping rates and war-risk premiums.
- Wall Street banks, including JPMorgan and Goldman Sachs, profited from market volatility, with trading desks specializing in commodities seeing significant gains.
- Prediction market platforms like Polymarket faced insider trading scandals, with suspicious accounts making profits by betting on ceasefire announcements ahead of time.