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.

Coverage from 2 publishers 2 source reports

BBCNYT

Oil Prices Rise as Iran and U.S. Strikes Slow Traffic in Strait of Hormuz

Update summary

What changed in this update

After several days of a lull in the direct conflict, a flare up in tensions left investors concerned about the continued flow of energy from the region.

Source coverage

Source reports

BBC Published 30 July 2026

Shell profits double as oil prices rise due to Iran war

NYT Published 29 July 2026

Oil Prices Rise as Iran and U.S. Strikes Slow Traffic in Strait of Hormuz

After several days of a lull in the direct conflict, a flare up in tensions left investors concerned about the continued flow of energy from the region.

More news

Also in the news

Avanti West Coast to be nationalised next year

Business 16h ago Developing

Avanti West Coast to Be Renationalised in Spring

Avanti West Coast, the rail operator linking London, Birmingham, north-west England and Glasgow, will be renationalised in spring. The announcement follows criticism over cancellations and poor service, with Greater Manchester mayor Andy Burnham saying passengers had endured repeated failures. The move is part of a plan to cut delays and improve passenger experience.

3 references

BBCSkyGuardian

Business 12h ago Emerging

UK diesel price hits all-time high

The average price of a litre of diesel at the pump stands at 198.32p, according to the RAC motoring body.

2 references

BBC

Business 16h ago Developing

Healey to promise 'new age of industrialisation' for UK

Chancellor John Healey is expected to promise a "new age of industrialisation" for the UK in his speech to Labour's annual conference on Monday, including new facilities to maintain nuclear submarines on the Clyde. Healey, who replaced Rachel Reeves, will unveil his budget in four weeks.

2 references

GuardianBBC

Discovery

See what’s emerging. See what’s changing.

Explore stories gaining momentum and continuing events with new developments.

Explore Discovery