Europe’s oil majors reap $4.7B from trading on Iran war volatility
Crypto Briefing
Major European oil companies generated $4.75 billion in profits by leveraging market volatility during the recent Iran crisis.Summary
Shell, BP, TotalEnergies, and Eni collectively earned $4.75 billion through sophisticated trading strategies during the Iran crisis. These companies utilized derivatives and hedges to profit from extreme crude oil price swings rather than relying solely on directional price movements. While these gains provide immediate benefits for shareholders, they also heighten the risk of increased government intervention, specifically through potential windfall taxes similar to those introduced during the Russia-Ukraine conflict.
(Source：Crypto Briefing)