BBC News·3 min read·medium
Shell profits double as oil prices rise due to Iran war
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✦AI Summary
Shell reported that its second-quarter profits more than doubled to $9.84 billion due to rising oil prices caused by the conflict between the U.S., Israel, and Iran. The disruption in the Strait of Hormuz has significantly impacted global energy markets.
Image source, Getty Images By Jennifer Meierhans Business reporter Published 30 July 2026, 08:00 BST Updated 33 minutes 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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