Shell launches bumper buyback after earnings more than double on Middle East turmoilShell gave a market update on Thursday. Shell has said it will continue its bumper share buyback programme after revealing the Iran war’s effect on oil prices and trading volumes helped it book near-record profit. The petrochemicals giant announced it would continue to return much of those profits to shareholders and continue its $3bn quarterly share buyback programme. Wael Sawan, the top boss of Shell, said there was “severe disruption in global energy markets” following the war. Liquified natural gas facilities in the country that are partly owned by Shell were also affected.