Jacob Smith

7 May 2026

Oil giant Shell reported first-quarter profits of $6.92 billion, surp… – Jacob Smith

Oil giant Shell reported first-quarter profits of $6.92 billion, surpassing analyst expectations as global oil prices surged following tensions linked to the Iran conflict. The rise comes amid disruptions around the Strait of Hormuz, a critical route responsible for nearly 20 percent of global oil and LNG supplies. Increased energy prices have boosted revenues for major oil companies as markets continue reacting to instability in the Middle East. #Shell #OilPrices #Iran #Energy