Who are the economic winners and losers of the US-Israel war on Iran?

Six months since the United States and Israel launched their war on Iran, triggering turmoil in world energy markets, the fallout continues to reverberate through many areas of the global economy.

While the war has strained many sectors of the economy, it has also been a boon for some industries.

Here is a look at some of the key economic winners and losers of the war:

The closure of the Strait of Hormuz, alongside Iranian strikes on energy infrastructure in Gulf countries, has sent the price of oil soaring since the start of the war. That has boosted the bottom lines of some of the world’s biggest energy companies.

ExxonMobil, the largest oil company in the US, reported $14.5bn profit in the second quarter of this year, its best quarterly earnings in four years.

Chevron, the second-largest US producer, posted a $12bn profit for the same period, the highest in six years.

France’s TotalEnergies raked in a profit of $6bn in the April-June period, up from $3.6bn last year.

British energy giants Shell and BP both more than doubled their earnings year-on-year, with quarterly profits of $9.8bn and $5.73bn, respectively.