economy
March 26, 2026
European countries could face fuel shortages next month, Shell CEO warns
The Iran war could soon disrupt diesel and gasoline supply to the Europe, Shell CEO Wael Sawan has warned
TL;DR
- Shell CEO Wael Sawan warns of potential fuel shortages in Europe by April due to the US-Israeli war on Iran.
- Damage to energy facilities and halted maritime traffic through the Strait of Hormuz are impacting global oil flows.
- Jet fuel supplies have been affected, with diesel and gasoline expected to be next, first impacting Asia and then Europe.
- Asian countries like Sri Lanka, Bangladesh, Pakistan, Japan, and South Korea have already experienced supply issues and taken measures.
- Europe, less reliant on Gulf supplies, faces tight supply and increased competition for oil cargoes, driving up prices.
- The situation has prompted discussions within the EU about reassessing energy sanctions on Russia, though the European Commission opposes returning to Russian energy supplies.
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