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Iran War Drives Oil Profits to Highest Levels in Years

The world’s biggest oil companies are benefiting from the high commodity prices that have been a drag on the rest of the economy.

Β© Meridith Kohut for The New York Times

An Exxon Mobil refinery in Baytown, Texas. The war with Iran has been a boon for many oil producers.

In Ohio, Toxic Wastewater Is Bubbling Up Out of the Ground

The state is a major importer of fracking wastewater, which gets pumped underground but doesn’t always stay there. The city of Marietta is fighting back.

Β© Maddie McGarvey for The New York Times

The wastewater, which can be radioactive, has risen to the surface through older oil and gas wells near Marietta, Ohio, such as this one.

Fossil Fuel Executives Cash In

28 July 2026 at 20:30
Insiders at leading oil and gas companies have made millions from stocks since the Iran war began.

Β© Brandon Bell/Getty Images

Executives at Cheniere Energy, ConocoPhillips and other companies have sold almost $400 million in fossil fuel stocks in recent months, according to a new analysis.

The Iran War Just Put Another Key Oil Route at Risk

Attacks in the Strait of Hormuz during the Iran war have led Saudi Arabia to rely on an alternative route for exporting oil. Our reporter Rebecca F. Elliott explains how that route is now threatened by the Houthis, a Yemeni militia supported by Iran.
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