Shell Profits Surge on Iran War Price Shock as Windfall Tax Calls Grow (euobserver.com)

• Adjusted earnings €6.1B, doubling previous quarter
• Iran war driving global oil price surge
• UK political pressure for windfall tax on oil and gas

"London-based oil major Shell reported adjusted earnings of €6.1 billion for the latest quarter, surpassing market expectations and doubling the previous quarter's profit. The surge is attributed to the price shock from the ongoing Iran war, which has driven up oil prices globally. In the UK, political pressure is mounting for a windfall tax on oil and gas companies to help consumers cope with high energy costs, a move Shell argues could hinder investment."