Shell Q3 profit doubles to $10.8bn on Iran war-driven oil price surge

Shell's adjusted Q3 2026 profit more than doubled to $10.8bn, beating analyst consensus of $10.33bn, as Middle East conflict (Iran war) lifted oil and gas prices and created supply shortages. The firm will return $5bn to shareholders, drawing climate campaigner criticism. This confirms the war's inflationary impact on energy margins, though sustainability depends on conflict duration.

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