Headlines
Bloomberg MarketsFoxtons Sales Fees Drop 13% Showing London Housing RutBloomberg MarketsWhat Is the Bond Market Telling the Fed? | Insight with Haslinda Amin 7/30/2026Bloomberg MarketsMehta: Fed Hold Unsurprising; Outlook UnclearBloomberg MarketsShell Had Record Utilization in Refining Business, CEO Sawan SaysBloomberg MarketsHormuz Shipping Traffic Picks Up Despite Middle East HostilitiesBloomberg MarketsLSEG Continues to Improve Margin, CEO Schwimmer SaysBloomberg MarketsLSEG Boosts Guidance as AI Rollout Adds to Record First HalfBloomberg MarketsHorizons Middle East & Africa 7/30/2026Bloomberg MarketsJapan Earthquake Insurance Claims May Exceed $1.1 Billion, BI EstimatesBloomberg MarketsDr Reddy's CEO On Clogged Semaglutide PipelineBloomberg MarketsADNOC Drilling CEO: Setting New Industry BenchmarksBloomberg MarketsManila Electric Loses $2 Billion Value as Reform Plan WeighsBloomberg MarketsDivided Fed Holds Rates, Samsung 1Q Chip Profit Soars | The Asia Trade 7/30/2026Bloomberg MarketsEuropean Heat Waves Boost Demand for Magnum Ice CreamBloomberg MarketsAnglo American Posts Profit Jump on Record Copper PricesBloomberg MarketsFoxtons Sales Fees Drop 13% Showing London Housing RutBloomberg MarketsWhat Is the Bond Market Telling the Fed? | Insight with Haslinda Amin 7/30/2026Bloomberg MarketsMehta: Fed Hold Unsurprising; Outlook UnclearBloomberg MarketsShell Had Record Utilization in Refining Business, CEO Sawan SaysBloomberg MarketsHormuz Shipping Traffic Picks Up Despite Middle East HostilitiesBloomberg MarketsLSEG Continues to Improve Margin, CEO Schwimmer SaysBloomberg MarketsLSEG Boosts Guidance as AI Rollout Adds to Record First HalfBloomberg MarketsHorizons Middle East & Africa 7/30/2026Bloomberg MarketsJapan Earthquake Insurance Claims May Exceed $1.1 Billion, BI EstimatesBloomberg MarketsDr Reddy's CEO On Clogged Semaglutide PipelineBloomberg MarketsADNOC Drilling CEO: Setting New Industry BenchmarksBloomberg MarketsManila Electric Loses $2 Billion Value as Reform Plan WeighsBloomberg MarketsDivided Fed Holds Rates, Samsung 1Q Chip Profit Soars | The Asia Trade 7/30/2026Bloomberg MarketsEuropean Heat Waves Boost Demand for Magnum Ice CreamBloomberg MarketsAnglo American Posts Profit Jump on Record Copper Prices
Home/CNBC Top News
Back
MARKETS:
SPY+0.26%
DIA+0.23%
QQQ-0.14%
IWM+0.29%
GLD-0.40%
USO+1.64%
CNBC Top Newsmarkets

Shell posts best quarterly profit in four years as Iran war boosts oil and gas prices

CNBC Top News
Thursday, July 30, 2026 at 7:20 AM
~4 min read
InflationEnergy

Original Report

The bumper result comes as energy majors receive a profit boost from soaring fossil fuel prices amid the Iran war.

Glass House Analysis

Inflation is the silent tax that erodes purchasing power, hitting hardest those who can least afford it. When grocery bills rise faster than wages, families face impossible choices between food, medicine, and rent. Unlike market volatility that mainly affects investors, inflation touches everyone who buys groceries, fills a gas tank, or pays rent.

Energy prices affect virtually every aspect of daily life—from commuting costs to heating bills to the price of groceries (which must be transported). For working families, energy represents one of the most volatile and impactful line items in their budgets. Energy policy decisions ripple through the economy, affecting everything from manufacturing competitiveness to household financial stress.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

Enjoyed this analysis?

Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.

No spam. Unsubscribe anytime.

More Stories

Economic Context

S&P 500
+0.26%
Dow Jones
+0.23%
NASDAQ 100
-0.14%
Russell 2000
+0.29%