Commodity Traders Reap Billions in Profit as War Upends Markets
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The world’s biggest energy traders are reaping a fresh profit bonanza as the war in Iran causes unprecedented disruption to oil markets.
It’s too early to say if 2026 will rival the industry’s record haul in the wake of Russia’s full invasion of Ukraine in 2022-2023, but several of the biggest commodity traders are already seeing the highest profits since then, according to executives and financiers.
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