Norway’s national oil company profits double to $11.5bn amid war on Iran

Equinor, Norway's state oil company, nearly doubled profits to eleven point five billion dollars in the second quarter of twenty twenty-six. The Guardian reports the jump was driven by surging oil and gas prices tied to the US-Israel war on Iran. With reduced oil flows from the Persian Gulf amid Strait of Hormuz blockades, Equinor ramped up production to fill the market gap—and capitalized on the resulting price spike.

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