Shell reported first-quarter profits of $6.92 billion, with earnings more than doubling compared to the previous year as the energy giant benefited from higher oil prices and strong trading performance.

The improved financial results come as oil prices have risen amid ongoing tensions in the Middle East, including conflicts involving Iran. Higher energy prices have provided a boost to major oil companies' revenues and profit margins during the quarter.

Despite the strong earnings, Shell warned that it expects lower production levels due to ongoing Middle East conflicts. The company also reduced its share buyback program from the previous quarter, signaling some caution about future operations.

Shell's oil trading division contributed significantly to the quarterly performance, helping to offset concerns about production disruptions. The company's results reflect broader trends in the energy sector, where geopolitical tensions have supported higher commodity prices.

The earnings report highlights the continued impact of regional conflicts on global energy markets, with companies like Shell benefiting from price volatility while facing operational challenges in affected regions.