The next day, smoke from the Shahran oil warehouse in northwest Tehran on 16 June 2025.
– |AFP | Getty Images
Senior oil CEO has alerted Israel and Iran Escalating conflictswarning of the consequences of further attacks on critical energy infrastructure.
Israel’s Sneak attack On Friday, four days of spiral battles were fought between regional enemies on Iran’s military and nuclear infrastructure.
Some oil and gas facilities in both countries have been attacked in recent days, although so far, major energy infrastructure and crude oil flows have been spared.
However, the potential for major supply disruptions remains a key issue, especially in the worst-case scenario, such as Iran prevented it The highly strategic Hormuz Strait.
“The last 96 hours have been very concerned…whether it is the region, but in terms of the uncertainty and context and geopolitical fluctuations we are seeing now, the global energy system is developing more broadly,” he said. shell CEO Wael Sawan told CNBC’s JP ONG on Tuesday.
At the Energy Asia Conference in Kuala Lumpur, Malaysia, Sawan said London-listed companies have “important land footprint” in terms of assets and goods in the Middle East.
“How we navigate in the next few days and weeks is especially important for me and the leadership team,” Sawan said.
Security Question
Oil price Tuesday’s trading was higher, extending recent earnings. International Benchmarks Brent Crude oil futures for August rose more than 2% at 1:15 pm London time at $74.84 per barrel. us West Texas Intermediate Meanwhile, futures with July delivery rose 2% last time to $73.2.
Oil trader look Israel-Iran conflict is the most important geopolitical event since Russia initiated Full invasion Ukraine in 2022.
Total energy CEO Patrick Pouyanné said the French oil giant’s main focus is on the safety of its regional employees amid Israeli-Iran tensions.
“We are the largest international oil company in the region. We were born 100 years ago in Iraq and we have operations in Iraq, Abu Dhabi, Qatar and Saudi Arabia,” Pouyanné told CNBC in the camp of the same event.
Pouyanné said he hopes further strikes will not involve oil installations. “Because this could become a real problem, not only in terms of safety, hazards and risks, but also in terms of global markets.”
“Fluctuation Year”
As Israel and Iran continue to trade strikes, some ship owners have Start clearing From the Hormuz Strait.
The waterway connecting the Persian Gulf to the Arabian Sea is considered one of them The most important oil memo in the world.
Oil cannot cross the Hormuz Strait, and cannot even raise global energy prices for the time being, increase transportation costs and create substantial supply delays.
Market Observer Stay suspicious However, Iran will seek to close the waterway, which suggests that it may even be physically impossible.
UK CEO Amjad Bseisu Humdescribes 2025 as a “volatility year”.
“It’s almost like we see something different every day, but obviously the war between Israel and Iran is another step forward,” Bseisu told CNBC on Tuesday.
He added: “The sooner we can end this terrible conflict, the better for the overall market, but I do think the market provides a good supply in the short to medium term.”
