South Africa to Australia: Why coal profits are surging during Iran war
Coal companies are reporting a huge rise in profits, but analysts say global clean energy transition is still on track.

Coal companies are reporting a huge rise in profits, but analysts say global clean energy transition is still on track.






![The Omani Environment Authority stated that it is continuing its monitoring, follow-up, and response efforts regarding the oil pollution resulting from the grounded vessel near Al Qibliya Island in the Dhofar Governorate. [Screenshot / Omani Environment Authority]](/wp-content/uploads/2026/08/image-1786817399.jpg?resize=770%2C513&quality=80)

![Iran's Foreign Minister Abbas Araghchi has blamed the US for a reutrn to violence in the Strait of Hormuz, and said new paths will be required to reach a lasting peace. [File: Elke Scholiers/Getty Images]](/wp-content/uploads/2026/08/getty_6a7fd502e4-1786762498.jpg?resize=770%2C513&quality=80)

A potential environmental disaster is unfolding off Oman, where a grounded tanker is leaking sanctioned Russian oil.
Environmental NGO Greenpeace warns that spill has rapidly expanded to 1,300 square kilometres, threatening ecosystems.

An oil slick from the tanker the Caroline Bezengi has reached Oman’s coastline weeks after the vessel ran aground.
Oil has been spilling from the Caroline Bezengi, a tanker that has been leaking crude since running aground off Oman.
The US and Iran continue their standoff in the Strait of Hormuz as mediators try to coax talks.
Up to 40km of coastline affected by oil pollution, Omani environmental authority says.
Deaths on Egyptian-owned Tihamah mark first shipping deaths linked to Houthis since the US-Israel war on Iran began.