RT International The Iran war is set to hit diesel and gasoline supplies starting next month, Wael Sawan has warned
European countries could face fuel shortages as soon as next month as a result of the US-Israeli war on Iran, Shell CEO Wael Sawan has warned.
Major energy facilities in the Gulf have been damaged in the conflict, while maritime traffic through the Strait of Hormuz, a key waterway that handles about 20% of global oil flows, has nearly halted.
The war has already affected supplies of jet fuel, Sawan said on Tuesday, as cited by Reuters. Diesel is set to be next, followed by gasoline at the start of the summer driving season, he added.
“South Asia was first to get that brunt. That’s moved to Southeast Asia, Northeast Asia and then more so into Europe as we get into April,” Sawan said at an energy conference in Houston.
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