Transnational oil giants have become one of the few beneficiaries of the Israeli-Kazakhstan conflict. 　　On October 16, 2023, Shell Oil’s stock price hit a record high in the London stock market, rising as much as 1.5%. Shares of Exxon Mobil and Chevron also rose in New York on the same day. Other oil companies, including BP, Total, and Eni, were also “pleased” to see their stock prices rise on this day. 　　The stock prices of these oil majors are soaring, naturally because of rising oil prices. Since Hamas’s sudden attack on Israel on October 7, Brent crude oil has risen by more than 7%, once rising to more than $91…