US firms in Iran’s crosshairs
Iran threats, fuel shortages and energy windfalls underscore mounting economic fallout from regional tensions.
Welcome back to AL-MONITOR Business & Tech.
Airlines around the world, especially in Europe, are feeling the pinch of higher jet fuel prices and shortages, with some countries, including the United Kingdom, receiving their last barrel of oil from the Strait of Hormuz this week. In finance and tech, some of the United States’ largest companies have landed in Iran’s crosshairs again after the Islamic Revolutionary Guard Corps threatened to target the regional bases of firms including Apple, Google, JP Morgan and Tesla. Elsewhere, some companies are capitalizing on the turmoil: In this newsletter, we examine how TotalEnergies’ bet on Middle Eastern oil delivered a $1 billion windfall.
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