Shell Oil Profits Soar Amid Iran Crisis, Impacted by Qatar Strikes

Shell, the global energy giant, is expected to report significantly higher profits from its commodity trading desks in the first quarter of 2026, driven by the surge in energy markets amid the ongoing Iran crisis. The company's chemicals and products unit, which includes its main oil trading desk, is set to see a major boost in trading results due to the recent weeks of market volatility.

The Iran crisis has sent shockwaves through global energy markets, with oil and gas prices fluctuating wildly. This turbulence has created lucrative opportunities for Shell's trading operations, allowing the company to capitalize on the heightened market activity and price swings.