Wars in Iran and Ukraine help boost Glencore’s profits

Glencore Plc said its trading team made a first-half profit of about US $3.3 billion, putting it on course for one of its best ever years and underlining how commodity traders are cashing in after the Iran war sent energy prices soaring, Bloomberg News is reporting.Based on its first-half performance, the company is already within touching distance of the top end of its annual earnings goal, which is set at $3.5 billion, Bloomberg said.The trading business made $2.9 billion last year and a recor