Oil giant prepares contingency plans if Middle Eastern conflict blocks crucial trade route

The escalating Israel-Iran conflict has prompted shipowners to exercise an extra degree of caution in both the Red Sea and the Strait of Hormuz.

Israel and Iran’s escalating conflict is putting global oil and gas supplies firmly in the crosshairs

Blockage of strait of Hormuz, through which about 25% of world’s oil passes, could shock energy market, says Wael Sawan

Oil giant prepares contingency plans if Middle Eastern conflict blocks crucial trade route