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Shell CEO Sees Tight Oil Supplies as Hormuz Remains Blockaded
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Shell CEO Sees Tight Oil Supplies as Hormuz Remains Blockaded

Bloomberg Markets · Apr 28, 2026, 5:04 PM

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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