BP, Shell, and TotalEnergies made at least $2.5 billion from trading in Q1 2026 as the Iran war created the largest oil supply disruption in history. Meanwhile, Exxon and Chevron lost $7 billion in derivative losses.
Renault built a 15-year industrial partnership in Iran, only to abandon it when US sanctions returned in 2018. Chinese automakers are filling the gap — and Europe’s window is closing.
In 2011, the EU and Iran exchanged €27 billion in goods. By 2025, that figure had fallen to €3.72 billion. As China fills the vacuum, Europe’s decade-long economic retreat from Iran looks less like strategy and more like surrender.
Eni’s history with Iran dates back to the 1950s, but its absence is now leading to significant losses for both the company and the EU.
Europe’s mining sector overlooked in Iran, where Boliden could capitalize on vast mineral reserves and strategic growth.
Lufthansa Technik’s missed opportunities in the Iranian aviation market and what it is missing out on.
Europe’s largest mining company, Eramet, misses out on $22 billion opportunity in Iran’s vast mineral reserves.
TotalEnergies’ missed chance in Iran: billions lost, hundreds of job opportunities missed, and strategic partnerships sacrificed.
How the re-imposition of sanctions led to a loss of €500 million for ATR and the EU aerospace sector.
A Wake-Up Call for the EU: How Iran-Russia Cooperation Can Be an Opportunity in Disguise