Shell profits rise as Iran war pushes oil prices higher

"Shell delivered strong results enabled by our relentless focus on operational performance in a quarter marked by unprecedented disruption in global energy markets."

— Wael Sawan , Executive

"Fossil fuel giants are pocketing monstrous profits while drivers are being squeezed at the petrol pump and households are set to pay higher energy bills."

— Danny Gross , Activist

"While people around the world struggle with soaring energy costs, Shell is raking in billions in added profit."

— Anne Jellema , Activist

"a deal with Iran to end the war was 'very possible' after 'very good talks' over the past 24 hours."

— Donald Trump , Politician

"These windfall profits are the result of war, not strategy. The underlying business model remains untenable as fossil fuel demand will enter structural decline soon."

— Mark van Baal , Activist

"The importance of reliable, flexible generation to balance the system continues to increase, keeping energy supplies secure and affordable."

— Chris O’Shea , Executive

"After the announcement of the initial ceasefire, there was kind of optimism that this really could be the beginning of the end of the conflict."

— Rob Smith , Academic

"Not much of a mystery here."

— Bob Kleinberg , Academic

"Iran had been moving an unusually high amount of oil to global markets, so that was helping moderate prices."

— Jim Krane , Academic