Shell profits double as oil prices rise due to Iran war

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BBC Business

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Shell profits double as oil prices rise due to Iran war

Disruption to global supplies of oil and liquid natural gas through the Strait of Hormuz has pushed up prices.

30 Jul, 07:11

Guardian Business

Norway’s national oil company profits double to $11.5bn amid war on Iran

Equinor benefits from move to ramp up oil and gas production during strait of Hormuz blockades Business live – latest updates Profits at Norway’s state oil company nearly doubled to $11.5bn (£8.6bn) in the three months to the end of June, as earnings were boosted by the jump in oil and gas prices caused by the US-Israel war on Iran. Equinor benefited from a decision to ramp up oil and gas production since the start…