Shell Posts 70% Profit Surge, Credits US-Iran Conflict for Record Quarter
🛢️ SHELL — A 70% profit surge while Europe debates who's paying the price. 📌 LOOK CLOSER: Shell's $16.75bn H1 profit — its strongest in four years — directly credited to US-Iran conflict pricing. European households absorbing energy cost spikes are funding the upside. Brussels faces renewed pressure to revisit windfall tax mechanisms shelved after 2022. For major integrated players, the conflict is a revenue event, not just a risk.
