#Shellplc

U.S. beer sales slump as higher gas prices squeeze consumers, with convenience stores and high-fuel-cost states seeing the sharpest declines.

U.S. beer sales slump as higher gas prices squeeze consumers, with convenience stores and high-fuel-cost states seeing the sharpest declines.

The Strait of Hormuz remains closed as the oil market hopes the U.S. and Iran will strike a deal that could restore energy shipments.

From Google News - World: S&P 500 futures edge higher after index posts another record; traders eye developments in Iran: Live updates - CNBC

Shell Plc said its profit surged in the first quarter as the Iran war drove oil and gas prices higher and the conflict caused a increase in volatility that boosted its big trading business.

Shell plc (SHEL), along with other large integrated oil companies, have benefited from higher oil prices and should warrant investor attention.

The transaction will add roughly 370,000 barrels of oil equivalent per day to Shell's portfolio and is designed to boost the firm's long-term production.

Raízen SA sent an alternative proposal to creditors as it tries to iron out terms of a 65 billion-real ($13 billion) debt restructuring, according to people familiar with the matter.