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Event Brief

Shell CEO warns Hormuz blockade could last into 2027

Shell CEO Wael Sawan said shortages from the Strait of Hormuz blockade may persist into 2027.
WHO: Wael Sawan
WHAT: Forecast that energy shortages caused by the Strait of Hormuz blockade may last months and possibly into 2027.
WHEN: Apr 28, 2026 at 1:04 PM ET
WHERE: Strait of Hormuz
WHY: No specific cause was reported beyond the blockade causing shortages.
Sources (1): Bloomberg

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