BBC News – World
·world
·1 hour ago
Shell profits rise as Iran war pushes oil prices higher
Shell's first-quarter profits surged to $6.92 billion from $5.58 billion a year earlier, driven by rising oil prices following the Iran conflict. The Strait of Hormuz, which typically carries 20 percent of global oil supplies, has been effectively closed, restricting supply. Rival BP also reported more than doubled profits for the same period.
Summary by Glance · BBC News – World
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