Crude oil all time high predictionsShell has reported a significant increase in profits for the second quarter of 2026, reaching $9.8 billion. The rise in earnings is attributed to heightened oil and gas prices fueled by ongoing conflict in Iran. AdvertisementKey TakeawaysShell’s reported profit surge appears to be consistent with scenarios where oil prices rise due to geopolitical tensions. The conflict in Iran has likely contributed to the recent volatility in Brent crude prices, which impacts Shell’s earnings. What to WatchObservers will be keen to see how geopolitical developments in the Middle East, particularly involving Iran, continue to affect global oil prices.