Housing Major oil companies reap massive profits as US and Iran fighting drives energy prices higher by Cathy Bussewitz The Associated Press July 31, 2026 by Cathy Bussewitz The Associated Press July 31, 2026 The conflict, now in its sixth month, halted most shipping through the Strait of Hormuz, a narrow waterway that previously served as a delivery route for a fifth of the world’s oil and natural gas. 0 FacebookTwitterPinterestEmail