EconomyOil majors face spending test as Iran war brings windfall cash

The U.S.-Israeli war on Iran has boosted refining and trading results, setting oil majors up for a sharp rise in third-quarter profits. Investors will watch whether the companies deploy their cash wisely and resist a spending spree.

oil majorsIran warthird-quarter profitscorporate spending

RReuters★★☆☆☆2026-10-20 09:45Original