# Campaigners step-up criticism of oil producers.

*business · news · 2026-05-07 · The Mirror*

## Key points

- End Fuel Poverty Coalition found UK energy firms made £3 billion in profits since January, post-Iran war.
- Shell's Q1 profits nearly doubled from last quarter, hitting £5.1 billion due to Iran conflict price surge.
- Brent crude reached $126 a barrel, its highest price in four years, following regional attacks.
- RAC notes petrol prices rose from 132.83p to 157.56p per litre after the war, with further rises expected.
- Cornwall Insight forecasts Ofgem’s price cap will increase by £201 for UK households from July.

**Companies:** Shell, BP
**Countries:** United Kingdom, Iran

[Read the full story on The Mirror](https://www.mirror.co.uk/money/oil-giants-accused-making-more-37123506)

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