{"id":718774,"date":"2026-07-30T08:57:08","date_gmt":"2026-07-30T08:57:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/718774\/"},"modified":"2026-07-30T08:57:08","modified_gmt":"2026-07-30T08:57:08","slug":"shell-profits-double-as-oil-prices-rise-due-to-iran-war","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/718774\/","title":{"rendered":"Shell profits double as oil prices rise due to Iran war"},"content":{"rendered":"

Shell’s profits for the second quarter of the year have more than doubled after the Iran war pushed up oil prices.<\/p>\n

The oil giant’s profits for the April-to-June period reached $9.84bn (\u00a37.37bn) – up from $4.26bn at the same point last year.<\/p>\n

The price of oil has soared since the outbreak of the US-Israel war with Iran due to major disruption to global supplies of oil and liquid natural gas (LNG) through the Strait of Hormuz.<\/p>\n

Shell chief executive Wael Sawan said the company’s “operational performance enabled very strong results during another quarter of severe disruption in global energy markets”.<\/p>\n

Together with its profits of $6.92bn<\/a> for the first three months of the year it means Shell has seen a 70% surge in first-half earnings.<\/p>\n

Shell and other energy giants such as BP and Norway’s Equinor have seen bumper profits this year, partly down to trading on oil price swings.<\/p>\n

Before the conflict began, the price of Brent crude, the global benchmark for oil prices, was around $73 a barrel.<\/p>\n

Since then, it has peaked above $120 but also fallen back below $100 as speculation has swirled over when the Strait of Hormuz will reopen.<\/p>\n

These big movements in the oil price can widen the gap between buying and selling prices which typically enables traders to make bigger profits.<\/p>\n","protected":false},"excerpt":{"rendered":"Shell’s profits for the second quarter of the year have more than doubled after the Iran war pushed…\n","protected":false},"author":2,"featured_media":718775,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[84,59,56,54,55],"class_list":["post-718774","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-gb","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/718774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=718774"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/718774\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/718775"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=718774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=718774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=718774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}