# Shell profits double on surging oil and gas prices amid Iran conflict

Shell reported that its profits more than doubled in the latest quarter, driven by a sharp rise in oil and gas prices linked to geopolitical tensions involving Iran. The energy giant's earnings surge reflects the broader impact of global instability on energy markets. This highlights how regional conflicts continue to fuel volatility and boost profits for major oil companies.

**Importance:** 3/5

## Sources

### World
- [The Guardian World](https://www.theguardian.com/business/2026/jul/30/shell-profits-double-jump-oil-gas-prices) — Thu, 30 Jul 2026 07:08:01 GMT
- [The Guardian World](https://www.theguardian.com/business/2026/aug/04/bp-profits-iran-war-oil-prices-shell) — Tue, 04 Aug 2026 06:54:30 GMT

### Business
- [BBC Business](https://www.bbc.co.uk/news/articles/cpq8n45r5e8o?at_medium=RSS&at_campaign=rss) — Thu, 30 Jul 2026 07:11:44 GMT