Finance

Shell CEO Sees Tight Oil Supplies as Hormuz Remains Blockaded

The oil and liquefied natural gas shortages caused by the blockade of the Strait of Hormuz are likely to drag on for months and possibly into next year, Shell Plc Chief Executive Officer Wael Sawan said.

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Bloomberg
April 28, 2026·1 min read
Shell CEO Sees Tight Oil Supplies as Hormuz Remains Blockaded

Image: Bloomberg

The oil and liquefied natural gas shortages caused by the blockade of the Strait of Hormuz are likely to drag on for months and possibly into next year, Shell Plc Chief Executive Officer Wael Sawan said.

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Shell CEO Sees Tight Oil Supplies as Hormuz Remains Blockaded

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