In March, global oil and gas companies collectively earned over $30 million per hour, amassing nearly $23 billion in additional profits following the escalation of the US-Iran conflict on February 28. This surge in earnings is largely attributed to rising crude oil prices, which crossed $100 per barrel. Saudi Aramco, the state-owned oil giant of Saudi Arabia, is leading the profit surge with projections of $25.5 billion in windfall profits by 2026 if current trends continue. Russian energy companies, including Gazprom, Rosneft, and Lukoil, are also expected to benefit significantly, with an estimated $23.9 billion in additional profits by the end of the year. The tightening of oil markets, driven by supply concerns and potential disruptions in the Strait of Hormuz, has further intensified these profit increases. This sharp rise in earnings has sparked renewed discussions about imposing taxes on excess profits and the need for government measures to alleviate the burden on consumers facing high fuel prices.