How defense contractors and oil companies profit from war on Iran as US gas prices soar

As Americans struggle amid the threat of higher inflation, Lockheed Martin, Shell and other companies are experiencing gains

Two weeks into the US-Israel war with Iran, the White House was fielding heavy criticism that the conflict would drive up gas prices and frustrate voters. Donald Trump turned to Truth Social to appease Americans about gas prices, which were slowly climbing toward $4 a gallon.

“The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,” he wrote.