Glencore projects $3.3 billion marketing EBIT driven by oil market volatility during Iran conflict

Glencore expects a $3.3 billion profit in its marketing division for 1H 2026, citing windfall gains from energy price volatility linked to the ongoing Iran conflict. The firm's performance highlights the profitability of commodity trading desks during periods of geopolitical supply disruption, though specific attribution to oil trading segments remains undisclosed.