Shell's profit more than doubled to $9.8 billion, the company reported, attributing the surge to the Iran war boosting oil and gas prices.
The Iran War Effect
The conflict in Iran has driven up global energy prices, directly benefiting Shell's bottom line. The $9.8 billion profit is a sharp increase from the previous period.
Profit Breakdown
Shell did not provide a detailed breakdown of the profit sources, but the company pointed to the Iran war as the primary driver. Higher oil and gas prices from the conflict boosted revenue significantly.
