Firm benefits from conflict to rake in $6.9bn as higher energy prices turbocharge profits

The energy giant's profits jump by nearly a quarter as it benefits from the recent volatility in the oil price

British oil giant Shell reported a big jump in Q1 profit on the back of surging oil prices that have been pushed to 4-year highs by the war in Iran.

Shell’s $6.9bn in profits since the start of the Iran war have reignited calls for a windfall tax. Lucy Hough speaks to the Guardian’s energy correspondent, Jillian Ambrose

Firm benefits from conflict to rake in $6.9bn as higher energy prices turbocharge profits

Through surging profits or soaring share prices, the war has been a boon for some firms.