Today in Focus
Today in Focus
The Guardian
Outrage as oil giants profit billions from Iran war – The Latest
12 minutes Posted May 7, 2026 at 4:25 pm.
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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 the Guardian’s energy correspondent, Jillian Ambrose – watch on YouTube. Help support our independent journalism at <a href="https://www.theguardian.com/infocus">theguardian.com/infocus</a>