Wael Sawan says energy shortages on way if strait of Hormuz does not reopen to oil and gas shipping

Asia relies heavily on oil and gas from the Gulf, and shortages and higher prices are starting to bite.

The closure of the Strait of Hormuz has created a daily supply deficit of around 15 million barrels of oil, triggering fuel shortages in countries that rely heavily on Middle…

UK drivers have already paid an extra £307m for petrol and diesel since the war in Iran began

Wael Sawan says energy shortages on way if strait of Hormuz does not reopen to oil and gas shipping

Shell CEO Wael Sawan warns Europe will be next to face an energy supply crunch.

Industry fears strait of Hormuz closure could disrupt shipping of crucial parts for UK and German North Sea projects

L'Europa potrebbe trovarsi ad affrontare una carenza di carburante entro aprile a causa della riduzione delle forniture da parte dell'Iran a c...