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Shell posts $6.92bn Q1 profit as Iran war lifts oil prices

financeMay 7, 20261245

Shell posted $6.92 billion profit for the first quarter, covering January through March. Crude prices climbed amid the Iran conflict and concerns about tighter global supplies, boosting the energy giant's Q1 earnings. The jump shows how geopolitical shocks raise oil-company profits and increase the risk of higher gasoline and heating costs for consumers.

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