economy
Outrage as oil giants profit billions from Iran war
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.
TL;DR
- Shell has reported profits of $6.9 billion since the Iran war began.
- Soaring energy prices have contributed to these significant profits.
- The profits have led to renewed calls for higher taxes on fossil fuel companies.
- The proposed tax increases aim to fund support for those impacted by rising costs.