Iran War Fuels PetroChina's Record $3 Billion Trading Profit

China's state-owned PetroChina International (PCI) is set to achieve over $3 billion in gross trading profit for 2026, sources told Reuters. This record gain is attributed to the Middle East crisis, which has significantly increased crude oil prices and disrupted global fuel markets and trade flows. Such sustained high crude prices, fueled by geopolitical tensions, could contribute to global inflationary pressures and potentially strengthen gold's appeal as an inflation hedge, while also impacting Pakistan's import bill and the PKR.

بحوالہ / Source: oilprice.com