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The Guardian - UK
The Guardian - UK
Business
Tom Ambrose

Shell shares hit record high as Israel-Hamas war drives up oil price

Shell Oil Israel
Tanker trucks parked outside the Pernis refinery in Rotterdam, Netherlands
Tanker trucks parked outside the Pernis refinery in Rotterdam, Netherlands. Shell shares gained 1.5% on Monday. Photograph: Bloomberg/Getty Images

Shell’s share price has hit a record high after concerns over the fallout from the Israel-Hamas conflict pushed up the price of oil.

Oil prices surged over the past week in the wake of the outbreak of war, and Shell shares gained 1.5% on Monday to increase its stock price as high as 2,763p a share.

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