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Shell profits double as oil prices rise due to Iran war

BBC News·July 30, 2026
Shell profits double as oil prices rise due to Iran war

Shell's profits have doubled due to rising oil prices caused by the conflict in Iran. The war has disrupted global oil and liquid natural gas supplies, particularly through the Strait of Hormuz, leading to increased prices. As a result, Shell has seen a significant surge in its profits. Global energy markets are feeling the impact of the conflict, with prices expected to remain high.

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