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(Bloomberg) -- Shell Plc, one of the biggest traders of oil and natural gas, has contingency plans in case the conflict between Israel and Iran disrupts flows from the region, warning that a potential blockage of the Strait of Hormuz could deliver a substantial shock.
“If that artery is blocked, for whatever reason, it has a huge impact on global trade,” Chief Executive Officer Wael Sawan said..
The global energy market has been transfixed by the conflict between Israel and Iran, including the possibility the US may decide to join the assault.
About a quarter of the world’s oil trade passes through the Strait of Hormuz, which links the Persian Gulf to the Indian Ocean. In the past, Iran has targeted ships traversing the chokepoint, and has threatened to block the waterway. In recent days, ships’ signals have been jammed.
“Direct US entry into this conflict could be a catalyst for more direct disruptive actions against tankers and critical infrastructure in the region.”
Saudi economist Mohammad Ben Dalim Al-Kahtani: "Closing key Middle Eastern straits like Hormuz, Bab el-Mandeb, or the Suez Canal would disrupt global trade, sending oil prices above $100 and increasing maritime insurance by over 300%
Trump cut short G7 meeting to attend emergency NSC meeting. Trump insists to bomb the hell of Teheran. If he does this, Hormuz Strait will be closed and it will be mined. Nothing gets out of Hormuz Strait. صدق الله العظيم
The U.S. is now deploying 24 Air Force tankers eastward - KC-135 Stratotankers and KC-10 Extenders. This isn’t routine. These tankers are strategic force multipliers, enabling long-range ops for bombers, fighters, and ISR assets. Something massive is underway.
Latest news
Iraq says crude oil price can go as high as USD300
Iran threatened to withdraw from Nuclear Proliferation Treaty
Iran threatened to launch missile attacks on all regional countries that give military aid to Israel
Iran Parlimen approved the closure of Strait of Hormuz
Fars Gas Field (largest gas & crude oil reserves in the region share w/ Qatar) damaged by missile attack & sabotaged
Haifa refineries & offshore platform destroyed by Iran's hypersonic missiles
Ashdod gas refineries and pipelines Ashdod - Egypt also destroyed by missiles
Lindsay Graham submitted proposal to House of Senate to impose 500% sanction on Russia
This Yike is either very smart or very stupid. Serbadk is already an ancient history, just like Nylex and coming soon either CapitalA or AirAsia or PBSB. Owning a land is not the only thing we call asset. There are many things we call asset. Whatever thing comes out from this Yike mouth is just RUBBISH.
PARIS (Reuters) -AirAsia is in advanced discussions to place an order for at least 100 Airbus jets at next week's Paris Airshow, a deal likely to mark the introduction to its fleet of the planemaker's smallest jet, the A220, industry sources said.
AirAsia and Airbus declined to comment.
Buy some more!!!! Tony went nuts... Sure have kickbacks!!!! Like the last time he sent one email to Airbus, "Iwantmymoney NOW!!"
