BBC analysis: The companies making billions from the Iran war
A BBC analysis highlights how prolonged fighting in the Iran war has lifted profits and share prices at defence, oil and LNG companies. For some firms, the conflict has translated into double-digit growth. Oil-exporting African economies are also part of the affected chain.

A BBC Business analysis examines how the Iran war, now in its second month, is reshaping corporate winners and losers around the world. Defence contractors, oil majors and LNG exporters have seen sharp gains in share prices and margins.
On the African side, oil-exporting economies such as Nigeria, Angola and Algeria are seeing higher oil revenues, while fuel-importing economies face cost pressure. In sub-Saharan Africa, domestic fuel and fertiliser prices continue to feed food inflation.
According to the analysis, U.S. arms makers report record order books, while European LNG carriers lock in long-term contracts at elevated prices. For investors, the implication is clear: a prolonged war would keep defence and energy themes elevated in portfolios for longer than initially expected.
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