Shell CEO Says Blockade May Mean Energy Shortages Last Into 2027

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...

By Kevin Crowley, Edward Ludlow, Caroline Hyde · Bloomberg Markets

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.