Shell profits double to $10.8bn as Iran war pushes up margin on oil

By: Jillian Ambrose Energy correspondent

29 October 2026 at 11:00

Energy firm to return $5bn to shareholders as climate campaigners criticise high profits

Business live – latest updates

Shell has doubled its profits in the last quarter after the Middle East conflict drove up the price of oil and gas and created shortages in the global market.

Shell reported on Thursday morning that it made an adjusted profit of $10.8bn (£8.1bn) in the July-September quarter, up from $5.432bn in the third quarter of 2025. The results beat analyst expectations for a rise to $10.33bn.

Passengers stranded in Cambodia after cruise halted due to high fuel costs

World news | The Guardian

By: Marina Dunbar

28 October 2026 at 18:30

The luxury MV Odyssey ship slated for a years-long voyage around the world suspends operations amid high fuel prices

A luxury cruise ship that had embarked on a years-long voyage around the world was forced to suspend its operations and leave passengers stranded in Cambodia because of high fuel prices.

The ship, known as the MV Odyssey, had been carrying 203 passengers, mostly Americans, along with 156 crew members, Cambodian officials told the Associated Press. The ship has a 650-passenger capacity.