Marathon Petroleum Beats Quarterly Profit Estimates on Refining Margin Boom

(Reuters) – Marathon Petroleum’s  ​quarterly profit beat Wall Street’s ‌estimate on Tuesday, as fuel supply disruption from the U.S.-Israeli war ​on Iran pushed refining margins ​to multi-year highs. Shares of the ⁠refiner rose around 2% in premarket trade. Refining ​margins for gasoline, diesel and ​jet fuel soared after the effective closure of the Strait of Hormuz … Read more