This is The Guardian. It does feel like these major profits are going to the big world companies

and people like you and I are having to foot the bill. And a lot of rich shareholders are getting

substantially richer as consumers are paying more.

There's no getting away from the fact that an oil company makes more money when oil prices are high.

For a lot of people, it is entirely obvious the way forward should be more green energy.

Europe's biggest oil and gas company, Shell Shell has raked in nearly $7 billion in

profits since the Iran war started, reigniting calls for tougher windfall taxes and support for

consumers. From the guardians today and focus, this is the latest with me, Lucy Hoff.

I'm joined by Gillian Amber, is our energy correspondent.

Gillian, since the start of this conflict, we've been talking about the impact on oil prices,

which over the weekend soared to nearly $120 a barrel, which is astronomical.

Meanwhile, we have had an exclusive report from our colleague, Damon Carrington, last month,

about the amount of money that oil giants are making from this conflict, $30 million an hour.

Today, we've had the profits from Shell, an unbelievable $6.9 billion since the start of the war,

which has exceeded expectations.

I'm just a bit confused by all of this because, you know, we're hearing about the disruption

in the Strait of Hamos, these stuck oil ships, that productivity is slightly down.

So why these huge profits, given the disruption?

I think there has been some disruption to oil companies. It's easy to believe

that they're having an easy ride and really enjoying this crisis. But I think we have seen

Shell, for example, one of its major gas plants in Qatar has been damaged quite severely by a drone

attack. That's going to cost hundreds of millions to repair, possibly take over a year.

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