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Shell profits rise as Iran war pushes oil prices higher

Shell reported first-quarter profits of $6.92bn, driven by higher oil prices and trading gains amid the Iran war and the closure of the Strait of Hormuz. Despite the profit surge, the company saw a 4% drop in output due to conflict-related damage and faced renewed criticism over windfall profits.

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First seen
May 7, 2026, 3:27 PM
Last updated
May 7, 2026, 4:02 PM

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Shell profits rise as Iran war pushes oil prices higher is currently shaped by signals from 1 source platforms. This page organizes AI analysis summaries, 1 timeline events, and 28 relationship edges so search engines and AI systems can understand the topic's factual basis and propagation arc.

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oil pricesprofitsIran warStrait of Hormuzwindfall taxenergy tradingBrent crudeQatari Pearl gas plant

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Shell profits rise as Iran war pushes oil prices higher

News · 1
May 7, 2026, 3:27 PMOpen original source

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Shell profits rise as Iran war pushes oil prices higher

May 7, 2026, 3:27 PM

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