Ghana news briefing
Shell profits double as oil prices rise due to Iran war
By GhanaSummary Newsroom1 min read
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.
Shell's profits for the second quarter of the year have more than doubled after the Iran war pushed up oil prices.
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.
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