Shell’s half-year profits jumped 70% to $16.75bn, boosted by higher oil and gas prices linked to the US-Iran war.

Intelligence summary

Shell’s half-year profits jumped 70% to $16.75bn, boosted by higher oil and gas prices linked to the US-Iran war. The surge has sparked strong criticism from climate activists, who accuse oil companies of profiting from the conflict and climate crisis. Source: Sky News