US EditionShell CEO Warns of Supply Chain Disruptions in Middle East
- Shell CEO Wael Sawan warned at the Japan Energy Summit 2025 that escalating Israel-Iran tensions threaten Middle East oil supply and global trade.
- Tensions intensified following an Israeli missile strike on Iran last Friday, amid increasing rumors that the United States might become involved, heightening the possibility of a broader regional conflict.
- Sawan emphasized Shell’s preparedness with contingency measures to manage potential interruptions in the movement of oil through the critical maritime corridor of the Middle East amid reported disruptions to navigation systems and recent tanker accidents.
- Brent crude oil prices rose 8.72% over five days, Shell shares climbed 14.10%, and the daily VLCC charter rate surged 138%, reflecting market anxiety over supply security.
- The situation implies heightened risks to global energy security and economic growth, as about 20% of world oil transits the narrow Hormuz Strait vulnerable to conflict disruptions.
16 Articles
16 Articles
America First Report
Uncanceled NewsShell CEO: Contingency Plans Ready if Strait of Hormuz Closure Triggers Energy Shock
(Zero Hedge)—Shell Plc is preparing contingency plans in case the conflict between Israel and Iran broadens and disrupts oil and gas flows through the critical maritime chokepoint of the Strait of Hormuz. On Thursday, CEO Wael Sawan told Bloomberg’s Shery Ahn at the Japan Energy Summit & Exhibition in Tokyo, “If that artery is blocked, for whatever reason, it has a huge impact on global trade,” adding, “We have plans in the eventuality that thin…
Shell CEO Warns Of 'Huge Impact On Global Trade' If The Strait Of Hormuz Is Blocked Amid Israel-Iran Conflict: 'We Need To Set Actions For A New Reality'
As the Middle East conflict intensifies, Shell Plc (NYSE: SHELL) CEO Wael Sawan warns of potential repercussions on global trade, particularly if the U.S. gets involved.
Shell CEO Warns of Supply Chain Disruptions in Middle East
Shell is being “very careful” with its tanker movements in the Middle East amid the hostilities between Israel and Iran, Reuters reported today, citing chief executive Wael Sawan. “The escalation in tensions over the last few days, in essence, has added to what has already been significant uncertainty in the region,” Sawan told an industry conference in Japan. “We're being very careful with, for example, our shipping in the region, just to make …
Shell CEO issues warning about the Strait of Hormuz... Sawan announced that Shell has activated crisis plans against a possible blockage scenario.
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