BUSINESSJul 22 · 08:39 UTCTHE GUARDIAN WORLDKalyeena Makortoff

Norway’s national oil company profits double to $11.5bn amid war on Iran

Norway’s state oil company Equinor nearly doubled its profits to $11.5bn in the three months to the end of June as the jump in oil and gas prices caused by the war against Iran boosted earnings. The company increased production during strait of Hormuz blockades, filling a market gap after shipping near-halted there.

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EquinororganizationStrait of Hormuzplacewar on Irantopicoil and gas productiontopic

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