Shell CEO says oil market is short nearly 1 billion barrels due to Iran war and the hole deepens every day
- Posted on May 7, 2026
- By CNBC
- 0 Views
- 1 min read
Shell CEO says oil market is short nearly 1 billion barrels due to Iran war and the hole deepens every day
The Strait of Hormuz remains closed as the oil market hopes the U.S. and Iran will strike a deal that could restore energy shipments.
