Shell Plc Chief Executive Officer Wael Sawan warned that oil and liquefied natural gas shortages stemming from the Strait of Hormuz blockade could persist for months and possibly into next year. The statement underscores the vulnerability of global energy markets to geopolitical tensions.

The Strait of Hormuz, a narrow chokepoint through which about a fifth of the world’s crude oil and 20% of LNG passes, has long been a flashpoint. Sawan’s comments suggest that current disruptions may not resolve quickly, raising concerns for supply chains and pricing.

Investors will likely monitor the duration of the blockade closely, as prolonged shortages could squeeze margins for energy traders and lift prices for downstream consumers. The situation also highlights the strategic importance of diversifying supply routes.

Shell’s leadership message signals to shareholders that the company is preparing for extended market volatility, and hints at potential shifts in sourcing and hedging strategies.