Outrage as oil giants profit billions from Iran war - The Latest

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May 7, 2026 - 17:02
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Outrage as oil giants profit billions from Iran war - The Latest

Shell has made $6.9bn in profits since the Iran war began, cashing in on soaring energy prices. The enormous profits have reignited calls for higher taxes on fossil fuel companies to fund support for those hardest hit by rising costs.

Lucy Hough speaks to energy correspondent Jillian Ambrose.
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