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

Analysts say traders have started to price in disruption that conflict could cause to global oil supply

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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.