May 7 (UPI) -- British oil giant Shell reported Thursday a jump in first quarter profit to $6.92 billion on the back of higher global oil prices which have been pushed sharply higher since the war with Iran started at the end of February. The above-market expectations performance -- $1.34 billion higher than in 2025 -- was largely due to $100-plus prices for a barrel of Brent crude, the international benchmark, which had been changing hands at $73 prior to the closure of the Strait of Hormuz