According to Shell CEO Wael Sawan, how long could energy shortages caused by the Strait of Hormuz blockade last?

Shell CEO Wael Sawan stated that 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' — meaning shortages may last into 2027, as indicated in the headline.

What did Wael Sawan say about global supply-demand balances following the disruption?

Wael Sawan said supply-demand balances are 'going to be tight for at least the coming months, if not the next year-plus, given recent disruptions.'

Shell CEO Says Blockade May Mean Energy Shortages Last Into 2027

Apr 28, 2026

Shell CEO Wael Sawan warns Hormuz Strait blockades may cause energy shortages persisting until 2027 due to major oil and LNG production disruptions. Concurrently, Shell completed a $13.6 billion acquisition of ARC Resources to support production growth amid tight global supply balances.

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