Energy

Shell Reports Nearly $7 Billion Profit as Iran War Drives Oil Prices Higher Shell has reported quarterly profits approaching $7 billion, emerging as one of the biggest beneficiaries of the oil price surge triggered by the Iran conflict. According to The New York Times, Shell’s profits significantly exceeded market expectations, driven primarily by sustained high crude prices amid escalating geopolitical tensions. Speaking on the earnings call, Shell’s CEO stated that the oil market is currently in a supply deficit with no quick path to rebalancing. ...

Shell Q1 Profits Rise as Iran Conflict Lifts Oil Prices British energy giant Shell reported first-quarter profits of $6.92 billion, driven by higher oil prices amid the ongoing Iran conflict, BBC reported. The Middle East geopolitical tensions have pushed crude prices higher, directly benefiting Shell’s upstream production business. Analysts note that while the war-driven oil price surge boosts short-term profits for energy companies, prolonged conflict could also disrupt global supply chains and increase market uncertainty. ...

Oil Plunges, Stocks Surge on Hopes of Iran War-Ending Agreement International financial markets reacted sharply to reports that the U.S. and Iran are close to reaching an agreement to end their military conflict. Oil prices fell significantly while major global stock indices posted strong gains. Oil Price Pullback Both Brent crude and WTI futures declined sharply. The U.S.-Iran military standoff had been driving a risk premium in energy markets, with concerns about potential disruptions to Middle Eastern oil shipping routes. ...

US gasoline prices have risen 50% compared to pre-war levels, as ongoing Strait of Hormuz tensions keep energy prices elevated.

US gasoline prices rose more than 30 cents per gallon in the past week, with the Strait of Hormuz closure and Iran conflict pushing energy costs higher

A Ukrainian drone attack has caused a major fire at Primorsk, Russia’s key Baltic oil export terminal.

Multiple international oil company CEOs warn at industry conference that the Hormuz Strait crisis and global supply chain tensions are pushing energy markets to a critical tipping point, with supply disruption risks rising sharply.

Traders warn that as global stockpiles continue to fall despite consumption cuts, oil prices could surge significantly within a month, causing widespread economic pain.

Iran sends response to U.S. amendments on draft peace agreement via Pakistani mediators, pushing international oil prices sharply lower as Brent crude falls below $110.

Driven by surging international oil prices amid the Iran conflict, ExxonMobil and Chevron both exceeded Wall Street profit expectations in Q1 2026, making the energy sector a market standout.