Oil industry has earned billions extra since the war in Iran started

BP, Saudi Aramco, Shell, and ExxonMobil reported significant profit increases in Q2, driven by high refining margins. Diesel and gasoline prices surged, impacting consumers. Greenpeace highlights that oil companies' extra profits stem from rising fuel prices, with diesel sales contributing the most. The closure of European refineries has led to scarcity, exacerbating price hikes. The ongoing conflict in Iran further complicates oil supply. Greenpeace advocates for higher taxes on these excess profits to alleviate energy costs for consumers.