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French President Emmanuel Macron greets US President Donald Trump during the G7 Summit at Hotel Royal Evian on June 15, 2026, in Evian-les-Bains, France.

“Conflict devastates countries and costs countless lives, yet for some it is extraordinarily profitable,” said the executive director of Oxfam International.

While much of the world is holding out hope that the US-Israeli war against Iran may finally be reaching an end amid news of a ceasefire agreement, the billionaire owners of some of the world's largest energy companies may not be so thrilled.