BBC·3 min read·medium
Shell profits double as oil prices rise due to Iran war
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✦AI Summary
Shell reported a massive increase in second-quarter profits, reaching $9.84 billion due to rising oil prices caused by the conflict between Iran and Israel. The company benefited from market volatility and trading opportunities despite operational disruptions in the Middle East.
Image source, Getty Images By Jennifer Meierhans and Shanaz Musafer , Business reporters Published 30 July 2026, 08:00 BST Updated 9 hours ago Shell's profits for the second quarter of the year have more than doubled after the Iran war pushed up oil prices.
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